Goldman Sachs now expects the FOMC to deliver a second 25bps hike in October vs prev. forecast of a lone September hike - Newsquawk
From the original
Goldman Sachs now expects the FOMC to deliver a second 25bps hike in October vs prev. forecast of a lone September hike Newsquawk
Related speeches
4 itemsGoldman ditches one and done call, now sees a second Fed hike in October
The recent shift by Goldman Sachs to anticipate a second Federal Reserve rate hike as soon as October, abandoning their previous 'one and done' forecast, signals a more hawkish tone across the marketplace. Per the full note from InvestingLive, their expectations follow a more aggressive outlook from Wednesday's FOMC meeting, highlighted by a 16-2 dot plot supporting further hikes and an upward adjustment of the median neutral rate path to 3.25%. This recalibration suggests that other desks may also revise their timelines, enhancing support for both short-end yields and the U.S. dollar as markets price in a higher for longer scenario heading into the midterms. Furthermore, this creates a live meeting risk during a politically sensitive period, challenging previous assumptions about the Fed's timing strategy amidst the elections.
Goldman Sachs sees October Fed hike after hawkish signal - marketscreener.com
Goldman Sachs forecasts the Fed to hike rates at its meeting this week versus a prior forecast of no change - Newsquawk
Morgan Stanley expects the Fed to hike rates by 25bp in September and December (vs previous forecast for no policy changes this year) - Newsquawk
More like this
5 itemsFOREX REVIEW: RMB at three year high - chinaeconomicreview.com
Global Market: Yuan hits 4-year high as traders bet on further gains - The Economic Times
PBOC sets USD/ CNY central rate at 6.7580 (vs. estimate at 6.7241) - investinglive.com
Goldman Sachs expects the RMB to appreciate to 5.5 in five years. What should you do? - 深潮TechFlow
A September rate hike by the Federal Reserve has become the consensus view. Is this a one-off adjustment or the start of a new tightening cycle? - Moomoo