“The Fed remains in a holding pattern as it waits for uncertainty to clear,” the firm said in a note. While job data has come in better than feared, Goldman believes a sustained easing cycle hinges on clear signs of labour market softening — a trend that may take months to materialise.
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The Federal Open Market Committee (FOMC) left rates unchanged at its meeting on Wednesday:
Forexlive Americas FX news wrap 7 May: Fed and Chair Powell stays noncommitted This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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