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

Odaily News Fed Chairman Powell's speech last week hinted that the rate cuts may be paused at the upcoming meeting. The news displeased investors. However, some economists do not think that Powell's remarks have a negative impact on the market. Andrew Hollenhorst, chief U.S. economist at Citi, said, "U.S. Treasury yields rose due to Powell's remarks, but we think this is more a performance of Powell keeping all options, rather than intentionally sending a hawkish signal." Goldman Sachs chief economist Hatzius still expects "the Fed to cut interest rates in December, January and March, and then cut interest rates once a quarter in June and September, but he believes that the FOMC may slow down the pace of rate cuts more quickly, which may occur as early as the December or January meeting." However, unless the November employment or inflation report is unexpectedly strong, it is unlikely that the FOMC will skip the rate cut in December. (Jinshi)