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Gate Square New & Returning Creator Rewards are ongoing!
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Goldman Sachs: The labor market will take time to weaken, and it is highly likely that interest rates will remain unchanged in June.
On May 8, Ashish Shah, Chief Investment Officer of Public Investments at Goldman Sachs Asset Management, stated that the Federal Reserve is still on the sidelines, waiting for uncertainties to be resolved. Recent employment data supports the Federal Reserve’s position, indicating that the labor market needs to weaken enough to restart the easing cycle. However, any weakness in the labor market may take several months to manifest, and it is believed that the likelihood of maintaining the interest rate at next month’s meeting is higher. ( Jin10 )