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Goldman Sachs pushes Fed rate hike forecast to December
Goldman Sachs pushed its forecast for the next US interest rate hike to December after a softer-than-anticipated inflation reading cooled expectations the Federal Reserve would hike rates again in October. The brokerage had previously forecast a 25-basis-point increase in October. “We are pushing back the second hike in our forecast to December, and we see a strong chance that the FOMC will ultimately conclude that additional rate hikes are unnecessary,” Goldman Sachs said in a note on Wednesday. The Fed raised rates in September, marking its first hike in three years and the first policy move...
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