Goldman Sachs: The Federal Reserve will cut interest rates in December without any suspense, and will cut interest rates by 25 basis points in January and March next year

Goldman Sachs believes that the Fed will cut interest rates in December without any suspense, and then cut interest rates by 25 basis points in January and March of 2025; then cut interest rates only in the June meeting and September meeting. However, there are still some variables, because more and more Fed officials have indicated that the FOMC may slow down the pace of interest rate cuts sooner, so there is a risk of pausing interest rate cuts at the January meeting. Traders now believe that the Fed has a 97% chance of cutting interest rates by 25 basis points at its meeting on December 17-18. But the strong November data has increased the risk of the Fed pausing interest rate cuts in early 2025. Powell's post-meeting speech and updated economic forecasts will be crucial. (Jinshi)