Goldman Sachs has updated its forecast to reflect no Fed rate cuts in 2026. Central bank actions across the globe are diverging, with the ECB hiking rates while other central banks navigate varied growth and inflation pressures.
Key Takeaways
- 1.The Fed is no longer expected to cut interest rates in 2026, with cuts delayed until 2027.
- 2.The ECB raised policy rates by 25bp to 2.25%, with the BoJ expected to hike by 25bp.
- 3.The 2026 World Cup is projected to have modest but measurable effects on US GDP and inflation data.
Table of Contents
- Global Economics
- US Economics
- Europe Economics
- Asia/EM Economics
- GDP Forecast Tracker: GS vs. Consensus
- Disclosure Appendix
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Authors
Joseph BriggsAndrew TiltonKatya VashkinskayaJessica RindelsSarah Dong
Securities
US Federal Funds Rate
Themes
Monetary Policy Normalization
Regions
GlobalUnited StatesChinaJapan