Goldman Sachs has just revised its outlook on interest rates, nudging them later by a few months. Although it may seem like a subtle change, it matters for markets that are often conditioned to expect relief much sooner. Clearly, lower rates support lower borrowing costs, which in turn support valuations, as well as a broader participation in risk-on assets. Extending that timeline alters the narrative, but it also suggests greater confidence in the economy’s strength. Goldman’s view underscores an ec ...