Brokerages Push Fed Cut Expectations Later as Oil and Middle East Tensions Raise Inflation Concerns
Goldman Sachs moved its projected first U.S. interest-rate reduction in 2026 from June to September after rising oil prices linked to the Middle East conflict stoked inflation worries. Ahead of the escalation, many brokerages were forecasting a June cut, but forecasts now range from multiple cuts beginning midyear to no cuts at all, with one firm c…