PANews reported on May 3 that the strong non-farm payrolls data released on Friday, May 3, led two major financial institutions, Goldman Sachs and Barclays, to make the same prediction: the next interest rate cut by the Federal Reserve may have to wait until at least July. Goldman Sachs still expects three interest rate cuts of 25 basis points each in 2025, in July, September and December, but also warned that if future employment data is strong again, the timing of the interest rate cut may be further delayed. (Wall Street News)