Goldman Sachs Forecasts December Fed Rate Hike
Goldman Sachs has moved its forecast for the next US interest rate hike to December, citing a softer-than-expected inflation reading that reduced expectations of an October increase.
Goldman Sachs pushed its forecast for the next US interest rate hike to December after a softer-than-anticipated inflation reading cooled expectations that the Federal Reserve would hike rates again in October. The brokerage had previously forecast a 25-basis-point increase in October. “We are pushing bac…