TechFlow news, on November 5, Goldman Sachs' chief economist Jan Hatzius still believes the Federal Reserve will follow through on its previous signal of two rate cuts by year-end—especially after last week's weaker-than-expected employment report. He expects this trend to continue into the first half of 2025.
"We anticipate the Fed will deliver four consecutive rate cuts in the first half of 2025, bringing the terminal rate down to 3.25%-3.5%. However, we see greater uncertainty regarding the pace and ultimate target of Fed easing next year," Hatzius said in a report published last Sunday, adding that his forecast is about 50 basis points higher than market consensus. (Jinshi)
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