TechFlow, June 19 — According to Jinshi Data, Simon Dangoor, Head of Fixed Income Macro Strategy at Goldman Sachs Asset Management, said the Federal Reserve's meeting tone was dovish. Although near-term inflation expectations were raised, two rate cuts are still anticipated this year.
He said: "FOMC members implied that they continue to expect the recent strength in inflation to be largely temporary, and their tolerance for rising unemployment remains low." "We expect the Fed to remain on hold at next month’s meeting, but believe a new easing cycle could begin later this year if the labor market weakens."
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