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[Goldman Sachs: The Fed Will Cut Rates This Week but Keep Language Open, Employment Data to Determine January Policy] Goldman Sachs Chief U.S. Economist David Mericle believes the Federal Reserve is very likely to cut rates this week and will not completely rule out the possibility of taking action again in January next year. Mericle pointed out that it is unrealistic to expect the FOMC to signal a 'pause in rate cuts in January.' If the labor market weakens, rate cuts would still be appropriate. Since no new employment data has been released since September, policymakers will remain cautious and keep their language open, leaving room for easing in January based on the data.