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HOT
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Goldman Sachs: Expects that the FOMC statement will not endorse a rate cut in October.
On September 15, Goldman Sachs Chief U.S. Economist David Mericle stated that the key issue at the September FOMC meeting is whether the committee will hint that this could be the first step towards consecutive rate cuts. We expect the statement to acknowledge the softening labor market, but we do not expect any changes to the policy guidance, nor any tacit approval of a rate cut in October. (Jin10)