Nick Timiraos： Goldman Sachs raises core PCE expectations, still expecting the Federal Reserve to cut interest rates three times in the second half of the year

Odaily Planet Daily News: Nick Timiraos, the spokesperson for the Federal Reserve, stated in an article on X platform that Goldman Sachs now expects core PCE to rise to 3.5% by 2025, higher than the previous 3.0% under less aggressive tariffs. Despite rising inflationary pressures, Goldman Sachs still expects the Federal Reserve to cut interest rates three times in the second half of this year to cope with the impact on economic growth and employment.