Odaily Planet Daily News US consumer and business surveys show an anxious economic mood, but the underlying data do not yet show a serious slowdown in the economy. Goldman Sachs economists wrote that the Federal Reserve is unlikely to ease policy based on "soft data" alone, especially because soft data has wrongly predicted an impending recession in the recent past, such as during the Fed's fight against inflation in 2022.
The Goldman Sachs team wrote that the Fed "also wants to see evidence from the labor market and other hard data before cutting rates." The investment bank, like other Wall Street institutions, believes that the Fed will keep interest rates unchanged in its interest rate decision on Wednesday. (Jinshi)