Goldman Sachs stock faces later Fed cuts as forecast shifts

Goldman Sachs has pushed back its expected path to lower US interest rates after adding a possible March 2027 hike to its forecast. Ad Hoc News, citing Reuters, reported that Goldman chief US economist David Mericle expects the Federal Reserve to raise its benchmark rate by 25 basis points at the December 8-9 meeting and potentially deliver another increase in March.

Goldman had previously expected the December move to end the tightening cycle. The revised outlook follows three consecutive months of upside inflation surprises. The bank expects inflation to ease through the end of 2026 before renewed price pressure at the start of 2027 supports another increase.

Rate cuts move further out

Goldman now sees the first Federal Reserve rate cut in December 2027, three months later than in its previous forecast. Further reductions are expected in March, June and September 2028. The bank still views a 25-basis-point December increase as its base case, while a January move remains possible.

For investors, the forecast creates a more restrictive interest-rate backdrop for financial companies. Higher rates can influence financing conditions, asset valuations, trading activity and demand for investment-banking services. The change also keeps attention on how persistent inflation could affect the timing of monetary easing.

Goldman Sachs stock in focus

Goldman Sachs stock traded at 827.80 euros on Lang & Schwarz at 16:02 CET on Thursday, November 12, 2026. That was 1.17 percent below the 837.60-euro quote recorded in the earlier Goldman Sachs report at 13:31 CET on the same day, a separate comparison from any Xetra close.

US equities remain the relevant market backdrop for Goldman Sachs stock. Follow the S&P 500 market coverage for broader developments.

Further changes in inflation, Federal Reserve guidance and financing activity will shape the outlook for financial stocks. See More news and analyses on Goldman Sachs stock.