Goldman Sachs no longer expects a Fed interest rate cut this year

Goldman Sachs pushes Fed rate-cut forecast to 2027 on strong jobs data

Goldman Sachs delayed Fed rate cuts to June 2027 (vs. December 2026) after May's stronger-than-expected jobs data (172k payrolls), signaling rate-hold through 2026. Extended high rates pressure growth-stage funding and startup valuations; tech M&A and AI capex face stiffer hurdle rates.