[Goldman Sachs Expects Fed Rate Cuts to Be Delayed Until December and March 2027] According to a report by Jinse Finance, on May 9, Goldman Sachs stated that due to stronger-than-expected inflation resilience, the bank has postponed its forecast for the Federal Reserve's next two rate cuts by one quarter, to December 2026 and March 2027, respectively. Goldman Sachs' U.S. economists wrote in a report on May 8 that the pass-through effects of energy costs could keep the core Personal Consumption Expenditures (PCE) inflation rate around 3% for the year, rather than the Fed's 2% target, thereby delaying the conditions necessary for policy easing.