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Goldman Sachs: Fed is expected to cut interest rates again after September

Internet reports that in addition to cutting interest rates by 25 basis points on Wednesday as generally expected in the market, Fed officials may also include at least one more interest rate cut before the end of the year in the plan. Goldman Sachs analyst David Mericle said that the latest "dot chart" released by the Federal Reserve in June showed that officials 'median expectation is to cut interest rates twice in 2025, and this expectation is likely to remain at this level. He pointed out that inflation remains a thorny issue, but the urgency of the labor market has increased. Mericle also said that the Fed chairman may not directly commit to cutting interest rates in October at the press conference: "However, Chairman Powell may tactfully hint in this direction at the press conference."

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