BlockBeats News, May 8th, Goldman Sachs Asset Management's Chief Investment Officer for Public Investments Ashish Shah stated that the Federal Reserve is currently in a wait-and-see mode, waiting for uncertainty to dissipate. Recent employment data has supported the Fed's stance, indicating that the labor market needs to weaken enough to restart an easing cycle. However, any weakness in the labor market may take several months to materialize, and he believes it is more likely that rates will be held steady again at the next month's meeting. (FXStreet)
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