According to Jinshi Data, Goldman Sachs said that we expect the Federal Reserve to cut interest rates by 25 basis points continuously between November 2024 and June 2025, and the final interest rate range will reach 3.25%-3.5%.

The ECB is expected to cut interest rates by 25 basis points in October, followed by consecutive 25 basis point cuts thereafter until the policy rate reaches 2% in June 2025.