Economists at Goldman Sachs now see the Fed cutting rates by 25 basis points at all three remaining meetings this year. Previously they forecast two cuts."Today’s report indicates that the softening in labor market conditions has now gone beyond the amount that was welcome," Goldman writes.Additionally, economists there see a likelihood of a 50 basis point cut in September if the August jobs report is weak.From the note:"Nonfarm payrolls rose 114k in July, below consensus expectations. The industry composition was also soft, as the healthcare sector accounted for over half of the job gains in July and the payrolls diffusion index fell to its lowest level since May 2016. The household survey
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