On July 27, Bloomberg reported that Goldman Sachs Group strategists said that in the case of persistently high inflation, the Fed is likely to remain hawkish. Investors appear to have grown more optimistic about a change in hawkish central bank policy, strategists led by Cecilia Mariotti said, as in previous cycles policymakers have moderately changed course in response to economic weakness, "but this time the market The risk of persistent inflationary pressures may be underestimated, which could keep central banks tighter for longer."
Goldman Sachs strategist: Fed likely to keep tightening policy for a long time
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