Goldman Sachs: A rate cut by the Fed at the upcoming December meeting has basically become a foregone conclusion.

Odaily News Goldman Sachs fixed income, forex, and commodities (FICC) analysts believe that a rate cut by the Fed at the upcoming December meeting has basically become a foregone conclusion. Analysts point out that given the weak trend in the labor market and the need for risk management, a rate cut at this time is the correct policy choice, and market pricing has fully reflected this expectation. Goldman Sachs analysts noted that, given the sparse data calendar before this meeting and the high consistency of market expectations, a rate cut has been “locked in.” Considering the trajectory of the labor market, a rate cut by the Fed in December, followed by a reassessment in January (after actually observing three non-farm payroll reports), is a good risk management strategy. (Wall Street Watch)