TechFlow reported on October 17, according to Jinshi Data, Goldman Sachs stated that it expects the Federal Reserve to cut interest rates by 25 basis points consecutively from November 2024 through June 2025, resulting in a final target rate range of 3.25%-3.5%. The firm also expects the European Central Bank to cut rates by 25 basis points in October, followed by further consecutive 25 basis point reductions, bringing the policy rate to 2% by June 2025.
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