Goldman Sachs Asset Management Director: Data indicates that the Fed will cut interest rates in September, with three inflation reports yet to be released

Lindsay Rosner, head of investments in multiple departments at Goldman Sachs Asset Management, stated that between today and the September Fed meeting, there will be three more inflation data releases. Today's data is crucial in helping the Fed gain confidence that inflation is still moving in the right direction. The heat of economic data seems to have subsided, following the cooling of labor market data last week, we have received even cooler inflation data, indicating that the Fed will cut interest rates in September."