Goldman Sachs: The Federal Reserve is expected to maintain interest rates unchanged next month

Simon Dangoor, head of fixed income macro strategy at Goldman Sachs Asset Management, said the tone of the Federal Reserve meeting was dovish, with two rate cuts still expected this year despite raising near-term inflation expectations. He said: The implication from FOMC members is that they continue to expect the near-term strengthening in inflation to be largely temporary, and their tolerance for rising unemployment remains low. We expect the Fed to hold its ground at next month's meeting, but we think a new easing cycle could kick in later this year if the labor market weakens. (Golden Ten)