Goldman Sachs: U.S. job market is at a turning point, reiterates expectation of two interest rate cuts by the Federal Reserve this year
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Goldman Sachs economists say the US labor market is at a turning point, further weakness will affect employment. They are satisfied with their expectations for the Fed to cut interest rates twice this year. In addition, the economic slowdown may continue, with consumer confidence declining and increased election uncertainty likely to drag down business investment in the coming months
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