Goldman sees Fed hike 50bps in May and June meetings By Reuters

© . FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor of the New York Stock Exchange (NYSE) in New York City, New York, US, Nov. 17, 2021. REUTERS/Andrew Kelly HONG KONG () -Goldman Sachs expects that The US Federal Reserve will raise interest rates by 50 basis points each at its May and June meetings, following aggressive comments from central bank chairman Jerome Powell. The Fed must act “quickly” to raise interest rates and possibly “more aggressively” to prevent an upward price spiral from entrenching, Powell said Monday. “Our best guess is that the shift in wording from ‘steady’ in January to ‘fast’ today signals that a 50bp rate hike is imminent,” the analysts wrote in a report released late Monday. further rate hikes of 25 basis points in 2022, one at each Fed meeting in the second half of this year and three hikes in 2023. However, the analysts left their forecast for the Fed’s final rate unchanged at 3%-3.25.%. The Fed last week raised interest rates for the first time since 2018. Disclaimer: Fusion Media would like to remind you that the data on this website is not necessarily real-time or accurate, all CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but rather by market makers, and therefore prices may not be accurate and may differ from the actual market price meaning prices are indicative and not suitable for trading purposes. Therefore, Fusion Media does not bear any responsibility for any trading losses that you may incur as a result of using this data. Fusion Media or anyone associated with Fusion Media accepts no liability for any loss or damage resulting from reliance on any information, including data, quotes, charts and buy/sell signals on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.

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