Goldman Sachs economists forecast more interest rate cuts this year on fears tied to Trump's tariffs
1. Goldman Sachs predicts three rate cuts by the Fed due to tariff concerns. 2. Trump's tariffs could raise inflation and increase cost pressures on consumers. 3. Forecasts for GDP growth in 2025 lowered to 1% from previous estimates. 4. S&P 500 fell 0.7% amidst uncertainty around tariffs and economic outlook. 5. Core PCE inflation expected to hit 3.5% by late 2025.