Goldman Sachs: The Fed's rate cut in December is certain, and it will cut rates by 25 basis points in January and March next year consecutively.

PANews news on December 15th, according to Jin Shi’s report, Goldman Sachs believes that the Fed’s interest rate cut in December is unquestionable, and then it will continue to cut interest rates by 25 basis points in January and March 2025; then only reduce interest rates at the June meeting and the September meeting. However, there are still some variables, as more and more Fed officials have expressed that the FOMC may slow down the pace of interest rate cuts as early as possible, so there is a risk of suspending interest rate cuts at the January meeting. Traders now believe there is a 97% chance that the Fed will cut interest rates by 25 basis points at the December 17-18 meeting. But the stronger-than-expected November data increased the risk of the Fed pausing its rate cuts in early 2025. Powell’s post-meeting remarks and the latest economic forecasts will be crucial.