Goldman Sachs(US:GS) Ge Long Hui A P P·2025-12-05 04:02Core Viewpoint - The Goldman Sachs research team, led by Jan Hatzius, indicates that the U.S. labor market is showing significant signs of cooling, strongly suggesting a 25 basis point rate cut by the Federal Reserve this month [1] Labor Market Analysis - U.S. job growth in September plummeted to 39,000, significantly below market expectations [1] - The unemployment rate for college graduates aged 20 to 24 surged to 8.5%, highlighting structural impacts from AI technology applications and productivity improvements [1] Economic Outlook - Goldman Sachs forecasts that the U.S. economy will rebound to a growth rate of 2% to 2.5% by 2026, driven by easing tariff policies, tax cuts, and a more accommodative financial environment [1] - The firm anticipates that the Federal Reserve will pause rate cuts in January 2026, followed by further easing in March and June, ultimately lowering the federal funds rate to a range of 3% to 3.25% [1]