Goldman Sachs sees Fed rates peaking at 5% in March
Summary by Ground News
Goldman Sachs' economists said the U.S. Federal Reserve could bump up interest rates to as high as 5% by March 2023. The journey to 5% hike includes increases of 75 basis points this week. The central bank is expected to raise rates for a fourth straight time at the conclusion of its next policy meeting.
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Times of India
Goldman Sachs sees Fed rates peaking at 5% in March
The report said Goldman cited three reasons for expecting the Fed to hike beyond February -an "uncomfortably high" inflation, the need to cool the economy as fiscal tightening ends and price-adjusted incomes climb, and avoiding a premature easing of financial conditions. Goldman Sachs did not immediately respond to a Reuters' request for comment.
Goldman Sachs sees Fed rates peaking at 5% in March, Bloomberg reports
Goldman Sachs Group Inc's economists said the U.S. Federal Reserve could bump up interest rates to as high as 5% by March 2023, 25 basis points above its earlier predictions, Bloomberg News reported on Sunday.
Goldman Sachs sees Fed rates peaking at 5% in March
(Reuters) - Goldman Sachs Group Inc's economists said the U.S. Federal Reserve could bump up interest rates to as high as 5% by March 2023, 25 basis points above its earlier predictions, Bloomberg News reported
Big bank Goldman Sachs believes the US central bank the Fed will be forced into even bigger rate hikes going forward than had been shown by previous forecasts by the bank. Now Goldman Sachs is changing its interest rate forecast to that the US guide rate will be 5 per cent in March. The old forecast pointed to 4.75 percent. The way to the five p...