Goldman Sachs Asset Management said it still does not expect the Federal Reserve
to enter a sustained rate-hiking cycle, citing tariff- and energy-driven price
pressures that may fade, little sign of economic overheating, and anchored
inflation expectations. The Fed's dot plot from last week's meeting shows one
more hike this year. LSEG money-market pricing implies 37bp of tightening across
the Fed's two remaining meetings this year.
