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

ChainCatcher news, according to Jinshi reports, 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 Powell's comments 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 a reflection of Powell keeping all options open rather than intentionally sending a hawkish signal."

Goldman Sachs Chief Economist Jan Hatzius still expects "the Federal Reserve to cut rates consecutively in December, January, and March, followed by a rate cut once each quarter in June and September, but it believes the FOMC may slow down the pace of rate cuts more quickly, possibly as early as the meetings in December or January." 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.