Goldman Sachs: Further Fed rate cuts hinge on labor market weakness

The Federal Reserve's preventative rate cuts are now over, according to Goldman Sachs analyst Kay Haigh. He stated that for the Fed to justify additional rate cuts, labor market data would need to show further deterioration. Haigh also suggested that, based on the FOMC statement, the most recent rate cut was likely a measure to appease the hawkish faction within the committee.