Goldman Sachs raised its core PCE forecast for this year to 3.5%, predicting that the Federal Reserve (FED) will implement three rate cuts.

According to a news bot from Gate.io, Wall Street Journal reporter Nick Timiraos reported that Goldman Sachs has adjusted its forecast for this year's core personal consumption expenditure (PCE) growth rate from the previous 3.0% to 3.5%. Goldman Sachs also predicts that The Federal Reserve (FED) will implement three interest rate cuts in the second half of this year in response to economic growth and employment conditions.

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