[Goldman Sachs: The Fed will wait for clearer fiscal policy changes] Golden Finance reported that Goldman Sachs expects the Fed to not give much guidance on plans for the recent meeting. Possible fiscal policy changes after the US election are another source of risk to the Fed's policy path, although this risk may last longer. Powell's comments at the July press conference suggest that the FOMC will be reluctant to respond to possible policy changes because these changes are still speculative. Even after the election results are announced, the committee may prefer to wait for clearer policy changes before reconsidering its economic outlook and interest rate plans. It is expected that there will be no major changes to the Fed's policy statement today, and it will cut interest rates by 25 basis points in December and 100 basis points to 3.25-3.50% in the first half of 2025, but the pace and end point of interest rate cuts next year are uncertain.