Goldman Sachs Expects Further Profits for the S&P 500 Index After Interest Rate Cut

According to recent reports, many banks around the world

 are now expecting more than one interest rate cut on the US dollar this year.

Barclays Bank expects three interest rate cuts on the US dollar,

 by 25 basis points each, in September, October, and December.

This is in contrast to the previous forecast of two interest rate cuts in September and December.

Standard Chartered Bank, on the other hand, expects an interest rate 

cut at the next meeting in September, by between 25 and 50 basis points.

This forecast comes as a result of disappointing jobs data.

Goldman Sachs also updated its view that an interest rate cut is imminent 

and that it expects three interest rate cuts this year, in September, October, and December. 

It also expects the Federal Reserve to cut interest rates

 by approximately 25 basis points at the next meeting.

The bank also stated that the interest rate cut will further boost S&P 500

 earnings by up to 2% this year, and potentially up to 6% next year.