Reverting back to its initial forecast of three rate cuts by the end of the year, Goldman Sachs has revised its trajectory for the Federal Reserve rate cuts. The adjustment aligns with the broader market consensus, with the first rate reduction expected to take place in June. Initially, Goldman Sachs had predicted the first rate cut to occur in December 2024 but revised its forecast in December 2023 to include three rate cuts, with the first one happening in the third quarter of 2024.