Internet reports that Goldman Sachs adjusted its expectations for the Federal Reserve to cut interest rates, believing that if a recession strikes, the risk of the Federal Reserve further easing its policies is higher. Goldman Sachs now expects the Federal Reserve to begin a series of interest rate cuts in June-earlier than previously forecast July-as part of a preventive easing cycle. Assuming that the United States avoids a recession, the Federal Reserve will cut interest rates by 25 basis points three consecutive times, lowering the federal funds rate to the range of 3.5%-3.75%. However, Goldman Sachs predicts that if the economy does fall into recession, the Fed will adopt a more aggressive policy response, cutting interest rates by about 200 basis points next year. Taking into account the increased likelihood of a recession, the agency's current weighted forecast shows a total of 130 basis points in interest rate cuts in 2025, up from the previous 105 basis points. As of last Friday's close, this outlook is basically in line with current market expectations. (Jin Shi)