Hawks are still not enough! Goldman Sachs' latest prediction: the Federal Reserve will not raise interest rates in September.
The Federal Reserve's monetary policy is at a crossroads: the Federal Open Market Committee (FOMC) is divided on whether interest rate hikes are needed to curb inflation, while President Trump is calling for rate cuts to stimulate the economy. On the eve of last month's Federal Reserve meeting minutes release, Goldman Sachs believed that, based on the latest economic data, there would not be enough members shifting to a hawkish stance in the upcoming Federal Open Market Committee meeting to trigger a rate hike.
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