Goldman Sachs has predicted a significant downturn in the performance of US equities over the next decade, referring to it as a "lost decade." According to Goldman, the S&P 500 is expected to produce an annualized return of approximately 3% CAGR, including dividends, over the next 10 years. When adjusted for inflation, this return could be as low as 1%. This forecast marks a stark contrast to the past 15 years, during which the S&P 500 compounded at around 13%. The prediction has been met with skepticism from some experts, who argue that the forecast may be overly pessimistic. Meanwhile, the Federal Reserve is anticipated to cut interest rates by 25 basis points at an upcoming FOMC meeting, with a 95.1% probability. UBS has indicated that the pace of rate cuts will slow in 2025.