Goldman Sachs: Fed Hawks Reassured, Future Easing Depends on Labor Market

Jinse Finance reported that Goldman Sachs analyst Kay Haigh stated that the Federal Reserve has reached the end of its "preemptive rate cuts." She believes: "The next responsibility lies with labor market data, which must weaken further to justify additional near-term easing policies. The 'hard dissent' from voting members and the 'soft dissent' reflected in the 'dot plot' highlight the hawkish camp within the Federal Reserve, while the reintroduction of language regarding the 'extent and timing' of future policy decisions in the statement is likely intended to appease them. Although this leaves the possibility for future rate cuts, the weakness in the labor market must reach a higher threshold."