Goldman Sachs: Expects Fed to Restart Rate Cuts Later This Year

Odaily News According to Goldman Sachs analyst Kai Hai, given strong economic data and signs of stabilization in the labor market, the Federal Reserve is likely to keep its policy unchanged for now. However, we expect rate cuts to resume later this year, as slowing inflation will allow the Fed to implement two more "normalization" cuts, bringing interest rates back to the neutral level perceived by members of the Federal Open Market Committee. (Jin10)