Goldman Sachs: Expects The Federal Reserve (FED) to maintain the Intrerest Rate next month.

On June 19, Simon Dangoor, head of fixed income macro strategy at Goldman Sachs Asset Management, stated that the tone of the Federal Reserve meeting was mild. Despite raising recent inflation expectations, he anticipates two interest rate cuts this year. He said, “The hints from FOMC members are that they continue to expect the recent inflation strength to be largely temporary, and their tolerance for rising unemployment remains very low.” “We expect the Federal Reserve to stand pat at next month’s meeting, but we believe that if the labor market weakens, a new round of easing may begin later this year.” ( Jin10 )