Goldman Sachs anticipates the FOMC will implement a 25 basis point rate cut at its September meeting, viewing recent comments from Fed officials as indicative of a preference for this move over a larger cut. The focus will shift towards labor market risks, and the firm expects to see a median dot plot implying three rate cuts in 2024.Key Points:Rate Cut Expectation:Goldman Sachs forecasts a 25bp rate cut at the September meeting.A 50bp cut is seen as a reasonable precaution but is less likely given recent Fed communications.Labor Market Focus:The meeting will highlight risks related to the labor market.Concerns exist regarding whether labor demand can absorb new entrants and prevent the unem
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