David Mericle, chief U.S. economist at Goldman Sachs, said that the FOMC is expected to revise its statement, suggesting that it is closer to cutting interest rates at the July meeting, and that the FOMC now only needs to "slightly" increase its confidence in the inflation outlook to cut interest rates. Goldman Sachs' revision of its expectations for a rate cut in July supports its view of a rate cut in a few months, with the first rate cut expected in September, followed by quarterly rate cuts. (Jinshi)
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