Goldman’s Fed cut outlook shift signals warning for Wall Street rally
Goldman Sachs no longer expects a Fed rate cut in 2026 after strong May jobs data, leaving investors to weigh a possible hold or hike as the Nasdaq plunged 4.18% and the S&P 500 fell 2.64% on Friday; CME’s FedWatch tool now puts December rate hike odds at 42.7%, while Citi remains the outlier still predicting three cuts this year.