Goldman Sachs Asset Management: Fed Unlikely to Enter a Sustained Rate-Hiking Cycle

Odaily News: Goldman Sachs Asset Management said in a report that it still does not expect the Federal Reserve to enter a sustained rate-hiking cycle. The firm stated: "We believe tariff- and energy-related price pressures may fade, the economy shows few signs of overheating, and inflation expectations remain anchored."

The dot plot from the Fed's meeting last week indicated one more rate hike this year. According to LSEG data, money market pricing shows a cumulative 37 basis points of rate hikes across the Fed's remaining two meetings this year. (Jinshi)