Goldman Sachs: There is no doubt that the Federal Reserve will cut interest rates in December, with consecutive cuts of 25 basis points in January and March next year.

PANews December 15 news, according to Jin Shi reports, Goldman Sachs believes that there is no doubt that the Federal Reserve will cut interest rates in December, followed by consecutive cuts of 25 basis points in January and March of 2025; thereafter, cuts will only occur in the June and September meetings. However, there are still some variables, as more and more Federal Reserve officials indicate that the FOMC may slow down the pace of rate cuts sooner, so there is a risk of pausing rate cuts in the January meeting.

Traders now believe that the possibility of the Federal Reserve cutting rates by 25 basis points at the meeting on December 17-18 is as high as 97%. However, due to strong November data, the risk of the Federal Reserve pausing rate cuts in early 2025 has increased. Powell's post-meeting speech and the latest economic forecasts will be crucial.