Goldman Sachs: Non-farm data better than expected, rising CPI may prompt the Fed to turn hawkish

According to Jinshi reports, Goldman Sachs Asset Management analyst Kay Haigh stated that there are some initial signs of a tightening labor market, but there is still a way to go before it is fully tightened. Given the economy's continued performance exceeding expectations, the FOMC's focus will shift to the inflation situation. Goldman Sachs still believes there is room for two more rate cuts by the Federal Reserve this year; however, if the CPI released on Friday unexpectedly rises, it may tilt the Federal Reserve towards a more hawkish stance.