PANews reported on May 5 that according to Jinshi, US consumer and business surveys show an anxious economic sentiment, but the underlying data has not yet shown a serious economic slowdown. Goldman Sachs economists wrote that the Federal Reserve is unlikely to ease policy based on "soft data" alone, especially because soft data has wrongly predicted an impending recession in the recent past, such as during the Fed's fight against inflation in 2022. The Goldman Sachs team wrote that the Fed "also wants to see evidence from the labor market and other hard data before cutting interest rates." The investment bank, like other Wall Street institutions, believes that the Federal Reserve will keep interest rates unchanged in its interest rate decision on Wednesday.