US Fed policy in focus: Barclays, Goldman Sachs push rate cut forecast to July after strong jobs report

News Snapshot:

US Fed policy in focus: Global brokerages Barclays and Goldman Sachs said on Friday, May 2, that they were expecting the US Federal Reserve to deliver the next interest rate cut in July, after a stronger-than-expected jobs report. They had previously forecast a rate cut by Fed policymakers in June 2025. Official data on Friday showed, US nonfarm payrolls increased more than expected in April 2025, with the unemployment rate steady at 4.2 per cent. Economists see a grim outlook for the US economy but are sticking by projections for two interest-rate cuts from the US Federal Reserve this year....