Goldman Sachs Raises Peak Interest Rate Forecast to 5.5%-5.75%

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.