Goldman Sachs: The Fed may cut rates more aggressively next year; non-farm payrolls will no longer be the primary indicator.

Goldman Sachs expects the Federal Reserve may be more willing to cut interest rates further next year than the market previously assumed. Josh Schiffrin, chief strategist and head of financial risk at Goldman Sachs' global banking and markets division, said that Powell's press conference last week signaled growing concerns within the Fed about the sustainability of employment conditions.