Goldman Sachs Asset Management said it still does not expect the Federal Reserve to enter a sustained rate-hiking cycle. The firm said tariff- and energy-related price pressures may fade, the economy shows little evidence of overheating, and inflation expectations remain anchored. The Federal Reserve’s dot plot from last week’s meeting indicated one more rate increase this year. LSEG data showed money markets pricing cumulative increases of 37 basis points across the central bank’s two remaining meetings this year.