华尔街日报记者 Nick Timiraos 发文表示，高盛将美联储首次降息预期从 12 月提前至 9 月，预计全年将降息三次，累计 75 个基点。高盛指出，初步迹象显示关税带来的影响低于预期，其他通胀下行因素则更为强劲，并认为美联储高层大概率也认为关税仅会带来一次性价格水平抬升。

<div>华尔街日报记者 Nick Timiraos 发文表示，高盛将美联储首次降息预期从 12 月提前至 9 月，预计全年将降息三次，累计 75 个基点。高盛指出，初步迹象显示关税带来的影响低于预期，其他通胀下行因素则更为强劲，并认为美联储高层大概率也认为关税仅会带来一次性价格水平抬升。<br><br></div>

高盛预计美联储将于 9 月启动降息，全年累计降息 75 个基点

Wall Street Journal reporter Nick Timiraos wrote that Goldman Sachs has moved its expectation for the Federal Reserve's first interest rate cut from December to September, anticipating three rate cuts totaling 75 basis points this year. Goldman Sachs noted that preliminary signs suggest the impact of tariffs is lower than expected, and other factors driving inflation down are more significant. They also believe that senior Federal Reserve officials are likely to view tariffs as causing only a one-time price level increase.

<div>Wall Street Journal reporter Nick Timiraos wrote that Goldman Sachs has moved its first Federal Reserve rate cut expectation from December to September, anticipating three rate cuts this year totaling 75 basis points. Goldman Sachs noted that initial signs suggest tariff impacts are lower than expected, and other inflation downward factors are more robust, and they believe Federal Reserve top officials likely view tariffs as causing only a one-time price level increase.<br><br></div>

Goldman Sachs expects the Fed to start cutting interest rates in September, with a total rate cut of 75 basis points for the whole year

<Odaily> Planet Daily News: Market expectations for Federal Reserve rate cuts are increasingly high, but JPMorgan Chase's London strategy team has thrown cold water on this sentiment. The bank warns that the true reasons behind rate cuts may not be favorable for the stock market and could even become a "wrong type of easing" that triggers a market chain reaction. JPMorgan Chase's strategists anticipate that the future will be a combination of the first and third scenarios - economic activity slowing down while inflation rises. They point out that since 1980, the US dollar typically weakens before rate cuts and continues to decline afterward. Bond yields also tend to fall. JPMorgan Chase's strategists predict that in most cases, the US dollar will hit new lows, and US bond yields will continue to decline. (Jinshi)

JPMorgan Chase: The Fed is about to make a mistake in cutting interest rates, and U.S. stocks, bonds and currencies may experience a huge shock

<Odaily> Planet Daily News: Due to concerns about the prospects of interest rate cuts, the US Dollar Index DXY fell to a three-year low again on Monday. However, Francesco Pesole from ING Group stated that the upcoming US economic data might limit the dollar's decline, as these data could prompt investors to reduce their bets on interest rate cuts. He said that Thursday's non-farm employment report might show a gradual slowdown in employment growth, but not enough to trigger significant bets on a July rate cut. Inflation could also rise in the coming months. "The dollar should see some short-term support." (Jinshi)

Viewpoint: The market is concerned about the prospect of the Fed's interest rate cut, and this week's non-farm data may provide support for the US dollar index

Odaily Planet Daily News: U.S. Treasury Secretary Bessent stated that we might see interest rates decline, with inflation being "very moderate". (Jintop)