Goldman: Fed Won’t Cut Rates This Year, This Is ‘No Time To Panic’

Over the last three weeks, as JPMorgan, Barclays, Credit Suisse, BofA and others began to adopt Fed cuts as their base case, Goldman refused to throw in the towel. The Mexico escalation was the last straw for a bevy of Wall Street economists and strategists, who all expressed consternation at the read-through of the proposed tariffs for negotiations between the US and other trade partners. While conceding that the latest trade tensions and the lackluster May jobs report raise the odds of Fed c