Jan Hatzius, chief economist at Goldman Sachs, remains confident that the Federal Reserve will deliver on its previous hints that it will deliver two rate cuts by the end of the year, especially after a weaker-than-expected jobs report last week. He expects this to continue through the first half of 2025. "We expect the Fed to cut interest rates four times in a row in the first half of 2025, with the final rate falling to 3.25% -3.5%, but we have greater uncertainty about both the pace of Fed rate cuts and the ultimate target next year," Hatzius said in a note published last Sunday, adding that his forecast is about 50 basis points above the market consensus. (Jin Ten)