Goldman Sachs analyst Kay Haigh said that the Federal Reserve has reached the end of “preventive interest rate cuts.” She said, “The next responsibility is that labor market data must weaken further to prove that additional recent easing policies are reasonable. The voting members' “hard objections” and the “soft objections” appearing in the “bitmap” highlighted the hawkish camp of the Federal Reserve, and the reinsertion of the “extent and timing” wording about future policy decisions in the statement is likely to appease them. Although this leaves room for future interest rate cuts, the weakness of the labor market must reach a high threshold.”

Goldman Sachs analyst Kay Haigh said that the Federal Reserve has reached the end of “preventive interest rate cuts.” She said, “The next responsibility is that labor market data must weaken further to prove that additional recent easing policies are reasonable. The voting members' “hard objections” and the “soft objections” appearing in the “bitmap” highlighted the hawkish camp of the Federal Reserve, and the reinsertion of the “extent and timing” wording about future policy decisions in the statement is likely to appease them. Although this leaves room for future interest rate cuts, the weakness of the labor market must reach a high threshold.”