Goldman Sachs: Fed expects another rate cut in September

According to ChainCatcher, Goldman Sachs analyst David Mericle expects that the Federal Reserve will cut interest rates at least once before the end of the year after the market generally expects to cut interest rates by 25 basis points on Wednesday. He pointed out that the Fed's "dash chart" released in June showed that the median expectation of officials is a cumulative interest rate cut in 2025. Although inflation remains a thorny issue, the urgency of the labor market has risen. Mericle also said that Chairman Powell may not directly promise a rate cut in October at a press conference, but may tactfully suggest that direction.