Goldman Sachs: If the weak August job market data is released next week, it may prompt the Fed to cut interest rates by 50 basis points

Gurpreet Garewal, a macro strategist at Goldman Sachs Fixed Income and Liquidity Solutions, reportedly said in a report that the Fed is expected to cut interest rates by 25 basis points three times in September, November and December.

But she said that if the August employment report released next week shows more signs of weakness in the job market, it may prompt the Fed to start cutting interest rates by a larger 50 basis points.