[HIGHLIGHTS] Goldman Sachs expects U.S. interest rate cut to be postponed from March to May! RMB moves towards 7.2

Goldman Sachs expects U.S. interest rate cut to be postponed from March to May! RMB moves towards 7.2.

Although the Fed's next step is definitely to cut interest rates, the market is still divided on the timing. Goldman Sachs expects core PCE inflation to be at least 0.2 percentage points lower this year than the FOMC's median forecast of 2.4% and to fall further in 2025. Some traders said Wall Street reacted strongly to this "revelation", with the S&P 500 experiencing its worst day since September.