Here's your summary from Goldman Now Says Fed Will Start Cutting in September (https://www.youtube.com/watch?v=rNOpwGVQe9U) on the Bloomberg Television channel:
### TLDR:
Goldman Sachs predicts a Fed rate cut in September, but further cuts in 2025 are unlikely due to potential fiscal stimulus and changing economic narratives.
### Key Points:
1. Goldman Sachs now expects a Fed rate cut in September, shifting from previous predictions of a cut in July.
2. The outlook for 2025 suggests that the 80 plus basis points cuts priced in for next year may not materialize due to potential fiscal stimulus.
3. There is a divide in economic impact between large corporations and variable rate borrowers, with higher rates affecting sectors like the housing market.
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