Goldman Flags a Dovish Pivot


Goldman Sachs says the Fed may cut rates more aggressively next year than markets expect. Signals from Powell's latest press conference indicate rising concern about the labor market's durability. From now on, the unemployment rate, not headline non-farm payroll growth, may become the Fed's key trigger. Goldman sees the easing cycle stretching into 2026, with rates potentially falling to 3% or lower. $BTC $ETH