Goldman Sachs delays Fed rate-cut forecast to 2027 due to strong jobs data. No rate cuts in 2026 at 80% YES.

Citigroup's Andrew Hollenhorst maintains his forecast for three Fed rate cuts in 2026 despite May's 172,000 nonfarm payrolls beating all estimates.

May's 172,000 jobs surprise doubled forecasts, pushing Fed rate hike odds to 68% by December 2026 and wiping $390B from crypto markets.

Goldman Sachs revises forecast, no longer expecting Fed interest-rate cuts this year amid strong US job growth data.