Goldman Sachs now expects the FOMC to deliver a second 25bps hike in October vs prev. forecast of a lone September hike - Newsquawk
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Goldman Sachs now expects the FOMC to deliver a second 25bps hike in October vs prev. forecast of a lone September hike Newsquawk
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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
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