Goldman Sachs sees 75-bp rate hike by Fed in Nov, 50-bp hike in Dec
VIEWS & ANALYSIS
Goldman Sachs sees 75-bp rate hike by Fed in Nov, 50-bp hike in Dec
VIEWS & ANALYSIS

Goldman Sachs sees 75-bp rate hike by Fed in Nov, 50-bp hike in Dec

 

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The US Federal Reserve announced a hike of 75 basis points to its benchmark interest to 3-3.25%, which is in line with the market expectations, Goldman Sachs said in a research note on Thursday.

The target range for the Federal funds rate by end-2023 would be 4.5-4.75%, the bank said.

The Fed may announce a 75-bp rate hike at the November meeting, which will be followed by a 50-bp hike in December and a 25-bp hike in January 2023, which was above the broker’s current forecast, Goldman Sachs said.