According to Jinshi reports, surveys of American consumers and businesses reveal an anxious economic sentiment, but the underlying data has yet to show a significant economic slowdown. Goldman Sachs economists wrote that the Federal Reserve is unlikely to ease policy based solely on "soft data," especially since in the recent past, soft data has incorrectly predicted an impending recession, such as during the Fed's fight against inflation in 2022. The Goldman team wrote that the Federal Reserve "also wants to see evidence from the labor market and other hard data before cutting rates." Like other institutions on Wall Street, this investment bank believes that the Federal Reserve will keep rates unchanged in Wednesday's rate decision.