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Goldman Sachs now sees Fed hiking again in October
- Goldman Sachs now expects the US Federal Reserve to raise interest rates
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Goldman Sachs now anticipates the US Federal Reserve will raise interest rates by 25 basis points in October, adding to its September forecast.
Read the full article for:
- Goldman Sachs' updated Fed rate hike predictions.
- The Federal Reserve's inflation target strategy.
- Potential for consecutive interest rate increases.
By
SYDNEY: Goldman Sachs now expects the US Federal Reserve to raise interest rates by 25 basis points at its October policy meeting, adding a further hike to its September call.
In a note, the Wall Street bank said October was the most likely time for the next move, because it was most natural to deliver hikes that the Fed presented as supporting “a timelier return” to the 2% inflation target at consecutive meetings.