(Reuters) -Goldman Sachs expects the U.S. Federal Reserve to deliver three quarter-point interest rate cuts this year, the Wall Street brokerage said on Monday, citing muted tariff effects and labor market weakness.

It expects three consecutive 25-basis-point cuts in September, October and December, against its earlier forecast of a single reduction in December.

(Reporting by Akriti Shah in Bengaluru; Editing by Mrigank Dhaniwala)