Goldman Sachs anticipates that the Federal Reserve will not take action at the May FOMC meeting, with a near-unanimous market consensus expecting the Fed to hold its benchmark rate steady at 4.25% to 4.5%. Goldman Sachs has postponed its forecast for the first Fed rate cut to July, having previously expected a cut as early as June. Markets now see only a 29% chance of a cut in June, down from 60% a week earlier
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