Goldman Sachs Chief Economist: The Federal Reserve is expected to cut interest rates in December
2025-11-24 13:40:30
Goldman Sachs Group economists expect the Federal Reserve to cut interest rates in December, bringing them down to just over 3 percent. Jan Hatzius, the bank's chief economist, warned that the U.S. economy could slow more than expected, necessitating more rate cuts from the Federal Reserve. He said that while the September non-farm payroll report showed the job market added 119,000 jobs, the mounting layoffs suggest that weakness in the labor market may be solidifying, limiting the impact of modest economic growth.
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