Goldman Sachs' Chief U.S. Economist David Mericle has stated that the Federal Open Market Committee (FOMC) is unlikely to signal any rate cuts in its upcoming September meeting. Mericle noted that while the FOMC may acknowledge a weakening labor market, he does not foresee any changes in policy guidance or indications of a rate cut for October. This assessment comes as market participants closely watch for any shifts in monetary policy direction.