Goldman Sachs predicts that the Federal Reserve may cut interest rates three times within the year Goldman Sachs predicts that the Federal Reserve will cut interest rates three times in September, October, and December, as US employment growth slows to around 30000 people per month, far below the 80000 required for full employment. Goldman Sachs warns that although the unemployment rate remains stable, a slight slowdown in the labor market has revealed risks, and if the unemployment rate significantly rises, it may trigger even greater interest rate cuts.