Goldman Sachs expects Fed rate hike in October
Goldman Sachs forecasts a twenty five basis point interest rate increase by the Federal Reserve in October. The revised outlook follows signaling from policymakers that further tightening may be needed to reach inflation targets.
Insights:
Goldman Sachs expects the United States central bank to raise interest rates 25 basis points in October, targeting a higher range after lifting borrowing costs to 3.75%-4.00%. The revised call reverses Goldman's previous expectation of a single move this year. Investors are pricing an 81% probability of a December hike following updated projections.
