Goldman Sachs: The weakening job market will take some time to recover, high probability of continued wait-and-see attitude next month.

Ashish Shah, Chief Investment Officer of Goldman Sachs Asset Management Public Investment, said that the Federal Reserve is still watching and waiting for uncertainties to be eliminated. Recent employment data support the Fed's position, indicating that the labor market needs to weaken enough to restart a loose cycle. However, any weakness in the labor market may take several months to manifest, and we believe that the possibility of maintaining interest rates at the next meeting is higher.