TechFlow, November 30 — According to Wall Street Insights, Goldman Sachs' Fixed Income, Currencies, and Commodities (FICC) analysts believe that a rate cut by the Federal Reserve at the upcoming December meeting has become all but certain. The analysts noted that given the weakening labor market trends and risk management considerations, cutting rates now is the right policy move, and market pricing has already fully reflected this expectation. Goldman Sachs analysts pointed out that with a sparse data calendar ahead of this meeting and highly aligned market expectations, a rate cut has been "locked in." Given the trajectory of the labor market, a Fed rate cut in December followed by a reassessment in January—after effectively observing three more nonfarm payrolls reports—would be a sound risk management strategy.
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