By 
Reuters
Goldman Sachs expecting five rate hikes this year
Goldman Sachs is forecasting that the U.S. Federal Reserve will raise interest rates five times in 2022, versus four previously, with a hike expected in March, according to a note from its economists late on Friday. Economists have scrambled to update rate hike expectations since the Fed on Wednesday said it was likely to hike interest rates in March and reaffirmed plans to end its bond purchases that month in what Fed Chairman Jerome Powell pledged will be a sustained battle to tame inflation. At the conclusion of Wednesday’s meeting, Powell said a decision would be made in coming months on when to start shrinking the central bank’s government bonds and mortgage-backed securities.
Comments