Sino-US tariffs "break the ice", Goldman Sachs predicts the Fed's first rate cut will be postponed until December.

According to the Wisdom Financial APP, after high-level economic and trade negotiations between China and the United States in Geneva, Switzerland, a positive consensus was reached and it was announced that bilateral tariff levels will be significantly reduced. Goldman Sachs has expressed their opinion on the latest developments: "Given the recent developments and the significant easing of financial conditions in the past month, we have raised our economic growth forecast for 2025 by 0.5 percentage points to 1% year-on-year in the fourth quarter, and have lowered the probability of an economic recession in the next 12 months to 35%."