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TechFlow news, Goldman Sachs stated that, given recent stresses in the banking system, it no longer expects the Federal Reserve to raise interest rates at its meeting on March 22.
It maintains its previous expectation of 25-basis-point rate hikes in May, June, and July, now projecting a terminal rate of 5.25-5.5%. There remains considerable uncertainty regarding the rate path after March.Original link
Goldman Sachs stated that, given recent stresses in the banking system, it no longer expects the Federal Reserve to raise interest rates at the meeting on March 22. It maintains its previous expectation of 25-basis-point rate hikes in May, June, and July, now projecting a terminal rate of 5.25–5.5%. There is considerable uncertainty regarding the rate path beyond March.
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