Goldman Sachs: Still expects the Federal Reserve to cut rates consecutively in December, January, and March

According to ChainCatcher news and reported by Jinshi, Federal Reserve Chairman Powell's remarks last week hinted at a possible pause in interest rate cuts at the upcoming meeting. This news has left investors dissatisfied.

However, some economists do not believe that Powell's remarks pose a negative impact on the market. Citigroup's chief U.S. economist, Andrew Hollenhorst, stated, "U.S. Treasury yields rose due to Powell's remarks, but we believe this is more of a reflection of Powell keeping all options open rather than intentionally sending a hawkish signal."

Goldman Sachs' chief economist Hazus still expects that "the Federal Reserve will cut rates consecutively in December, January, and March, and then cut rates once each quarter in June and September, but it believes that the FOMC may slow down the pace of rate cuts more quickly, possibly as early as the December or January meetings." However, unless the employment or inflation report in November is unexpectedly strong, the likelihood of the FOMC skipping a rate cut in December is low.