GOLDMAN SACHS EXPECTS THE FED TO CUT RATES THREE TIMES THIS YEAR In September, October, and December — citing weakening U.S. job growth. Analysts note job gains have slowed to ~30k per month, well below the ~80k needed for full employment, and future revisions are likely negative. They see risks beyond trade and immigration, with “catch-up hiring” fading and growth in most industries near zero. While unemployment is stable, Goldman warns even slight labor softening is worrisome. A larger 50 bps cut is possible but would require a sharper rise in unemployment.(*Walter Bloomberg)