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Home > Finance > Barclays, Goldman expect next Fed rate cut in July after jobs report

Finance

Barclays, Goldman expect next Fed rate cut in July after jobs report

Published by Global Banking and Finance Review

Posted on May 2, 2025

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(Reuters) - Barclays and Goldman Sachs said on Friday that they were expecting the U.S. Federal Reserve to deliver the next interest rate cut in July, after a stronger-than-expected jobs report.

They had previously forecast a rate cut in June.

Data on Friday showed, nonfarm payrolls increased more than expected in April, with the unemployment rate steady at 4.2%.

(Reporting by Siddarth S in Bengaluru; Editing by Anil D'Silva)

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