Goldman Sachs: The Federal Reserve may wait until the policy is clearer before considering the outlook

ChainCatcher message, Goldman Sachs stated not to expect too much guidance from the upcoming interest rate decision. Potential changes in fiscal policy after the election are another source of risk for the Federal Reserve's policy path, although this risk may persist for a longer time.

Chairman Powell's comments at the July press conference indicated that the FOMC is reluctant to respond to policy changes that have not yet materialized, as these changes remain speculative. Even after the election results are announced, the committee may prefer to wait for clearer policy changes to reconsider its economic outlook and interest rate plans. (Jin Ten)