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Goldman Sachs: NFP Better Than Expected, Friday's CPI If Unexpectedly High Could Turn Fed Hawkish

2026-02-11 13:57

BlockBeats News, February 11, Goldman Sachs Asset Management analyst Kay Haigh stated that there are some initial signs of a labor market re-tightening, but there is still a way to go for full tightening. Given the continued economic outperformance, the FOMC's focus will shift to the inflation outlook. We still believe that the Fed has room for two more rate cuts this year; however, if Friday's CPI data unexpectedly rises, it may tilt the Fed in a hawkish direction. (FXStreet)

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