Goldman Sachs’ FICC Sees December Fed Rate Cut Essentially Locked In as Markets Price 85% Probability

COINOTAG News, November 30 — A Wall Street Journal briefing points to growing conviction within Goldman Sachs’ Fixed Income, Currency, and Commodities (FICC) team that a December rate cut is likely. Analysts argue that a softer labor backdrop and disciplined risk management make easing appropriate, a view that aligns with current market pricing. The report emphasizes that policy direction and the FOMC tilt will steer the near-term trajectory rather than surprise moves.

With remarks from Williams last Friday, internal support within the FOMC to ease has been highlighted, pushing asset markets to reflect an approximate 85% probability of a December cut. As the Fed enters the blackout window, futures pricing signals around 21 basis points of easing. For crypto markets, such liquidity backdrop and risk-on sentiment can offer traction for tokens like Bitcoin and Ethereum, provided inflation and macro data remain stable.