Goldman Sachs: It is expected that the Federal Reserve will cut interest rates again after September.

In addition to the expected 25 basis point rate cut on Wednesday, Federal Reserve officials may also include at least one more rate cut by the end of the year in their plans. Goldman Sachs analyst David Mericle said that the latest "dot plot" released by the Fed in June shows that officials have a median expectation of two rate cuts by 2025, a level that is likely to be maintained. He pointed out that inflation remains a tricky issue, but the tightness of the labor market has increased. Mericle also said that Fed Chair may not directly commit to a rate cut in October during the press conference: "However, Chair Powell may hint at this direction in a subtle way during the press conference."