The Federal Reserve may have delivered its first rate cut in nine months on Wednesday — but according to Goldman Sachs, it likely won't be the last.
In a new note to clients on Thursday, Goldman Sachs chief U.S. economist David Mericle said the Fed's 25-basis-point cut to a target range of 4.00%–4.25% is the opening move in what could become a sustained easing cycle, as economic risks shift from inflation to employment.
