Goldman Sachs stock faces later Fed cuts after bank shifts outlook
Published on 11/13/2026 at 16:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGoldman's policy outlook shifts
- The bank now sees another possible Federal Reserve increase in March 2027.
- Its expected easing cycle starts later, keeping attention on financing and capital-markets conditions.
- Inflation data and the December policy meeting are the next major tests for the forecast.
Goldman Sachs has extended its expected US tightening cycle after renewed inflation pressure, according to a report published by The Kansas City Star on Friday, November 13, 2026. Chief US economist David Mericle now favors a possible Federal Reserve rate increase in March 2027 after a further move in December.
Why the forecast changed
The shift follows a third consecutive month of upside inflation surprises. Goldman expects price pressures to ease toward the end of 2026 before renewed increases at the start of 2027 make another policy move more likely.
The October consumer-price report showed headline prices rising 0.4 percent from the previous month, while core prices increased 0.3 percent. The report said food, rent and medical care contributed to the broader pressure.
Rate cuts move further out
Goldman now expects the first Federal Reserve rate cut in December 2027, followed by further reductions in March, June and September 2028. The bank still treats a 25-basis-point increase in December as its base case, while a January move remains possible.
For financial companies, a longer period of restrictive policy can shape financing conditions, asset valuations, trading activity and demand for investment-banking services. The revised path also keeps interest-rate expectations central to the outlook for bank earnings and capital markets.
What investors watch next
Investors will focus on additional inflation readings and the Federal Reserve meeting scheduled for December 8 and 9. The next data points will help determine whether the March scenario gains wider support or remains dependent on renewed price pressure early next year.
Goldman Sachs stock traded at 824.60 euros on Lang & Schwarz at 16:05 CET on Friday, November 13, 2026.
Goldman Sachs company facts
- Company: The Goldman Sachs Group, Inc.
- ISIN: US38141G1040
- Ticker: GS
- Primary exchange: NYSE
- Lang & Schwarz quote: 824.60 euros at 16:05 CET on November 13, 2026
US financial stocks remain sensitive to the interaction between inflation, Federal Reserve policy and Treasury yields. See Current market reports for the broader market backdrop.
