Goldman Sachs expect a pause at the June Federal Open Market Committee (FOMC) meeting

Following Federal Reserve Chair Powell's remarks on Friday last week:

• Forexlive Americas FX news wrap 19 May: Debt ceiling talks stall. Powell picks his words.

A snippet from Goldman Sachs:

• Powell noted that the FOMC had “come a long way in policy tightening”
• This week's comments from the Fed leadership are consistent with our expectation for a pause at the FOMC’s June meeting.

GS highlight Powell's remarks on the FOMC's policy stance being 'restrictive' and that risks now are 'more balanced'.

Earlier:

• Fed's Kashkari is open to a June FOMC rate hike pause, but not convinced done yet

Kashkari may be heralding in the next mantra from Fed officials, the June pause.