Goldman Sachs: A rate cut by the Federal Reserve at the upcoming December meeting is almost a foregone conclusion

ChainCatcher News, according to Wallstreetcn, analysts from Goldman Sachs' Fixed Income, Currencies and Commodities (FICC) division believe that a rate cut by the Federal Reserve at the upcoming December meeting is essentially a foregone conclusion.

The analysts pointed out that, based on the weakening 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 already fully reflected this expectation.

Comments made by Williams last Friday were sufficient to indicate that there are enough votes within the Federal Open Market Committee (FOMC) to push for a rate cut. As a result, market pricing has rebounded to 21 basis points. With the Federal Reserve officially entering its blackout period, the probability of a rate cut reflected in market pricing has risen to as high as 85%.