PANews reported on November 30th that, according to Wall Street News, analysts at Goldman Sachs' Fixed Income, Foreign Exchange, and Commodities (FICC) division believe that a rate cut by the Federal Reserve at its upcoming December meeting is virtually a foregone conclusion. Analysts pointed out that given the weakening labor market and risk management needs, a rate cut at this time is the right policy choice, and market pricing has already fully reflected this expectation.

Goldman Sachs analysts pointed out that given the sparse data calendar leading up to this meeting and the high degree of consensus in market expectations, a rate cut was "locked in." Considering the trajectory of the labor market, a December rate cut by the Federal Reserve, followed by a reassessment in January—effectively after observing three more non-farm payroll reports—would be a sound risk management strategy.