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Goldman pushes back projected US Fed rate cuts, citing rising inflation risks
The Straits Times
|March 13, 2026
Goldman Sachs has pushed back its forecast for the US Federal Reserve's rate cuts, and now expects quarter-point reductions in September and December, citing rising inflation risks linked to the Middle East conflict.
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Soot on a wall after black rain was reported following a strike on fuel tanks in Tehran on March 10, amid the US-Israeli conflict with Iran. The ongoing war has stoked fears of an oil supply shock and elevated inflation. PHOTO: REUTERS
(REUTERS)
The US banking giant had previously projected the easing cycle to begin in June, followed by another reduction in September.
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