The latest inflation data has Goldman Sachs expecting three more interest rate hikes from the Federal Reserve of 25 basis points each this year.
Goldman Sachs now expects the U.S. Federal Reserve to raise interest rates three more times this year.The bank sees a hike of a quarter of a percentage point each.U.S. Federal Reserve building's facade in Washington.
That was reflected in one report on Thursday, while another showed the number of Americans filing new claims forConsumer prices rose 6.4% in January on an annual basis, hotter than expected, but remained steady compared to last month. "In light of the stronger growth and firmer inflation news, we are adding a 25bp rate hike in June to our Fed forecast, for a peak funds rate of 5.25-5.5%," economists led by Jan Hatzius said in a note on Thursday.GOLDMAN SACHS CEO ON PROBABILITY OF ECONOMIC SOFT LANDINGBefore the latest data was released, a majority of the economists expected the Fed to raise rates at least twice more in coming months, according to a Reuters poll.
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