Goldman Sachs: Fed Rate Cut at the upcoming December meeting is almost a done deal
BlockBeats News, November 30th. According to a report by The Wall Street Journal, analysts from Goldman Sachs' Fixed Income, Currency, and Commodities (FICC) division believe that the Fed's rate cut at the upcoming December meeting has essentially been determined. The analysts pointed out that given the weak trend in the labor market and the need for risk management, a rate cut at this time is the correct policy choice, and market pricing has largely reflected this expectation.
Last Friday, comments from Williams were sufficient to indicate that there is enough internal support within the Federal Open Market Committee (FOMC) to push for a rate cut. As a result, market pricing has risen to 21 basis points. With the Fed now officially entering the blackout period, market pricing indicates an 85% probability of a rate cut.
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