The decline in the mood of the market continues, and the stocks are once again penalized
1️⃣ The pancake is around 103,000; currently at 102,200, showing a near 1,000 dip in the pancake range.
Goldman Sachs pushes back the expectation for the Federal Reserve to cut interest rates to the end of the year, reducing the likelihood of a recession in the U.S.
Goldman Sachs has adjusted its expectation for the next Federal Reserve interest rate cut to December (previously expected in July). The analysts stated: “Given the developments and the significant easing in the financial environment last month, we have raised our forecast for U.S. economic growth in Q4 2025 by 0.5 percentage points to 1%, and lowered the probability of a recession occurring in the next 12 months to 35%. At the same time, we have revised down our core Personal Consumption Expenditures (PCE) inflation path, expecting a peak of 3.6% (previously expected at 3.8%).
