TechFlow, November 24 — Goldman Sachs economists expect the Federal Reserve to cut interest rates in December, bringing rates slightly above 3%. The bank's chief economist, Jan Hatzius, warned that the slowdown in the U.S. economy could exceed expectations, necessitating further rate cuts by the Fed. He noted that although the September nonfarm payrolls report showed 119,000 new jobs, rising layoffs indicate that labor market weakness may be becoming entrenched, limiting the impact of moderate economic growth. (Jinshi)
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