Economists at Goldman Sachs, led by Jan Hatzius, wrote in a report that although a 25 basis point rate cut is expected from Federal Reserve policymakers this week, recent statements suggest that the Fed 'clearly' wants to slow down the pace of rate cuts. They noted this is because the unemployment rate will be below the Fed's forecast for 2024, while inflation remains above target. "The key issue in the FOMC statement and press conference is whether to emphasize slowing the pace of rate cuts or to focus on continuing to rely on meeting-by-meeting decisions based on data. We expect to hear both messages, including an addition in the statement agreeing to slow the pace of rate cuts." Goldman Sachs's view aligns with market pricing, which considers a 90% chance of a rate cut this week, but has largely ruled out the possibility of another rate cut in January. Goldman Sachs still expects the Fed to cut rates in March, June, and September, with the final rate reaching 3.5%-3.75%.