Goldman Sachs: FOMC statement is not expected to implicitly endorse a rate cut in October
BlockBeats News, on September 15, David Mericle, Chief US Economist at Goldman Sachs, stated that the key issue for the September FOMC meeting is whether the committee will signal that this could be the first step in a series of rate cuts. We expect the statement to acknowledge the weakening labor market, but do not anticipate any change in policy guidance or an implicit approval of a rate cut in October.
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