Goldman Sachs: Expect the Federal Reserve to restart rate cuts later this year

Odaily Planet Daily reports that Goldman Sachs analyst Kai Hayashi stated that given the strong economic data and signs of stability in the labor market, the Federal Reserve is likely to keep its policy unchanged for the time being. However, we expect the rate cut policy to restart later this year, as the slowdown in inflation allows the Fed to implement two more “normalization” rate cuts, bringing interest rates back to the neutral level as perceived by Federal Open Market Committee members. (Jin10)

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