Are markets overestimating the number of US Federal Reserve rate cuts in 2026? Goldman Sachs Vice Chairman Robert Steven Kaplan explains the factors that could affect the Fed’s next move. Listen to the full episode of Exchanges: https://click.gs.com/huhu

Zahir Y. Edwards-Crumbley

VP, Finance & Strategy (QFC) | Founder & Program Director (NYCFLI) | Executive Secretary, Communications & Administration (BSU) | Dual B.S. Student (Business & Biology)

2d

With services inflation still sticky and growth holding up better than expected, it makes sense that markets may be pricing in a faster easing cycle than the fundamentals support. The path of rate cuts in 2026 will depend heavily on how long the Fed keeps real rates restrictive.

Interesting insights. It’ll be crucial to watch economic indicators and Fed guidance closely to see if markets are indeed overestimating rate cuts.

Victor M.

Venture Capital | Strategy and Layout | Financial Modeling | AI|Private Equity

1d

👍

Rebecca Li

Chief Investment Officer | PE/VC Fund Selection · Co-Investments · Portfolio Construction | Former BlackRock & Morgan Stanley

2d

The pace of interest rate cuts depends on factors such as declining inflation, cooling employment, and changes in financial conditions. Kaplan's breakdown of these variables is invaluable.

Subin Choi

Risk Advisory Analyst | I help businesses build stronger internal controls and reduce risk through exceptional attention to detail

2d

This was a helpful breakdown of the uncertainty around future rate cuts. Thanks for sharing these perspectives!

This was a great discussion.

It’s so important to look beyond the headlines and understand what really drives the Fed’s decisions.

Cornelia Robbertse

Project Administrator | Financial & Operations Specialist | 10+ yrs experience in project development & bookkeeping

1d

Very insightful

Rate-cut forecasts often run ahead of reality. @The Fed’s path will depend on actual data, not market hope. Kaplan highlights exactly why traders should stay flexible instead of relying on fixed timelines.

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