Goldman Sachs is encouraging their clients to prepare for the possibility that the Federal Reserve cuts interest rates later this year.
Goldman Sachs recommends defensive health care and consumer staples sectors as two key areas that have typically outperformed after Fed rate cuts.
The investment bank's top stock strategist recommended defensive health care and consumer staples sectors as two key areas that have typically outperformed the broader market following the start of cutting cycles. Investors tracked by the CME Group's FedWatch tool believe the central bank is more likely than not to cut rates at least once by July. The Fed meets next week and again July 30-31.
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