Goldman Sachs moved its forecast for two U.S. interest-rate cuts in 2026 to June and September, rather than March and June, after softer non-farm payrolls data, and cited faster-than-expected economic growth and fading tariff effects (According to the report).
The bank said the payroll figures may signal a slowly cooling labor market. The change adjusts expectations for when monetary easing could begin.
Interest-rate cuts often boost risk-taking and asset prices, including cryptocurrencies. That pattern did not appear after the October and December 2025 cuts.
Precious metals rose as investors sought safety, with gold and silver reaching multiple all-time highs in late 2025. Gold recently breached $4,600, suggesting continued risk aversion among some market participants.
The article noted a delayed cut could still set conditions for a wider market rally if uncertainties ease. Jerome Powell faces pressure from Donald Trump, and the report said a leadership change at the Federal Reserve could bring earlier easing (Ed. note: a personnel shift could alter policy timing).
