New Delhi, May 2 -- Barclays and Goldman Sachs said on Friday that they were expecting the U.S. Federal Reserve to deliver the next interest rate cut in July, after a stronger-than-expected jobs report.

They had previously forecast a rate cut in June.

Data on Friday showed, nonfarm payrolls increased more than expected in April, with the unemployment rate steady at 4.2%.

Economists see a darkening outlook for the US economy but are sticking by projections for two interest-rate cuts from the Federal Reserve this year.

Three-quarters of economists surveyed by Bloomberg now predict a recession, or a zero-growth scenario that narrowly avoids a recession, in the next 12 months, up from 26% in March. Despite that shift, the median estimate ...