Goldman Sachs forecasts 5 more Fed rate hikes

Mubasher: Goldman Sachs expects more increases in interest rates than expected by the end of 2019.

The bank’s economists said on Thursday in a note to clients that it remains comfortable with calls for five interest hikes, as cited by Reuters.

Goldman believes the Federal Reserve needs to generate a significant tightening in financial conditions to slow the economy to its potential growth pace sooner rather than later, noting that this will require delivering significantly more hikes than priced in the curve.

Source: Mubasher

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.