Goldman Sachs believes that the Federal Reserve will cut interest rates in December without suspense, and then cut interest rates by 25 basis points in a row in January and March 2025; then only cut interest rates in June and September respectively. However, there are still some variables, as more and more Federal Reserve officials have indicated that the FOMC may slow the pace of rate cuts sooner rather than later, so there is a risk of a pause in rate cuts at the January meeting. Traders now see a 97% chance that the Fed will cut rates by 25 basis points at the December 17-18 meeting. But the stronger November data has increased the risk that the Fed will pause rate cuts in early 2025. Powell's post-meeting remarks and the latest economic forecasts will be crucial. (Jin Ten)