Goldman Sachs Raises Peak Interest Rate Forecast to 5.5%-5.75%
Economists at Goldman Sachs raised their forecasts for the US Fed's interest rate again after Fed Chairman Powell's speech on Tuesday.
Goldman Sachs raised the forecasts for the US Fed's interest rate again after Fed Chairman Powell's speech on Tuesday and now expects the peak rate to reach 5.5%-5.75%. Jan Hatzius' team wrote in a note that they now expect a 25 basis point hike in July, in addition to the previously expected 25 basis point hikes in March, May and June each.
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