Goldman Sachs: Non-farm payrolls beat expectations; a surprise rise in Friday's CPI could prompt the Fed to turn hawkish.

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According to ME News, on February 11 (UTC+8), Goldman Sachs Asset Management analyst Kay Haigh stated that there are some initial signs of a renewed tightening in the labor market, but a full tightening is still some way off. Given the economy's continued outperformance, the FOMC's focus will shift to inflation. We still believe the Fed has room for two more rate cuts this year; however, a surprisingly high CPI figure released on Friday could tilt the Fed towards a hawkish stance. (Source: ME)

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