Goldman Sachs analyst: FOMC may revise its statement, expecting the first rate cut in September and subsequent quarterly rate cuts

David Mericle, chief U.S. economist at Goldman Sachs, said that the FOMC is expected to revise its statement, suggesting that it is closer to a rate cut at the July meeting, and that the FOMC now only needs to "slightly" increase its confidence in the inflation outlook to cut rates. Goldman Sachs' revision of its expectations for a rate cut in July supports its view of a rate cut in a few months, with the first rate cut expected in September, followed by quarterly rate cuts. (Jinshi)