Fed: Expect additional 25 bps rate hikes in May and June – Goldman Sachs Fed CentralBanks Banks InterestRate
Economists at Goldman Sachs bring out their new call on the US Federal Reserve , following Wednesday’s dovish outcome."The FOMC raised the funds rate by 25bp to 4.75-5%, against our expectation of a pause, but projected a weakfor the rest of 2023 and a more cautious path for the funds rate than Chair Powell had indicated was likely before the recent banking turmoil.”
“Our baseline forecast is 25bp above the FOMC's forecast of 5-5.25%, and our weighted-average path for the funds rate is above market pricing.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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