GOLDMAN SEES DOWNSIDE RISKS FOR ECONOMY NEXT YEAR Goldman Sachs economists expect the Fed to cut rates in December, followed by a few more cuts in 2025, bringing rates just above 3%. Chief economist Jan Hatzius warns the economy could slow more than expected, requiring additional cuts. Despite September’s 119,000 new jobs, rising layoffs suggest labor-market weakness may be becoming entrenched, limiting the impact of modest growth.(*Walter Bloomberg)