Goldman: Fed "clearly" wants to slow down the pace of rate cuts, will skip rate cut in January

Goldman Group economists said the Federal Reserve may signal at its meeting later this week that its pace of easing will slow, then hold off on cutting rates in January, writing in a report on Sunday that recent comments suggest the central bank is "eager" to slow its rate cuts. Economists including Jan Hatzius wrote that while the Fed is expected to cut rates by 25 basis points on Wednesday, the language suggests the central bank is "eager" to slow its rate cuts. They said this was because the unemployment rate would be below the Fed's forecast for 2024 and inflation would remain above its target.