Goldman Sachs Analyst: FOMC may revise its statement, expecting the first rate cut in September followed by quarterly cuts.

Odaily Planet Daily News Goldman Sachs Chief US Economist David Mericle stated that it is expected that the FOMC will revise its statement, implying that it is closer to cutting interest rates at its July meeting. The FOMC now only needs to 'slightly' increase confidence in the inflation outlook to cut interest rates. Goldman Sachs' revision of the interest rate cut expectation in July supports its view of a rate cut in a few months, expecting the first rate cut in September, followed by quarterly rate cuts. (FX678)