Goldman Sachs: The Federal Reserve is expected to cut interest rates once more after September

ChainCatcher news, according to Jinshi reports, Goldman Sachs analyst David Mericle expects that after the Federal Reserve lowers interest rates by 25 basis points on Wednesday as the market widely anticipates, there will be at least one more rate cut before the end of the year. He pointed out that the "dot plot" released by the Federal Reserve in June shows that the median expectation among officials is for two cumulative rate cuts by 2025. Although inflation remains a tricky issue, the urgency in the labor market has increased. Mericle also stated that Chairman Powell may not directly commit to a rate cut in October during the press conference, but may subtly hint in that direction.