Stock Groups

Goldman ups Fed hike forecast to 7 rate increases in 2022 after CPI data -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO : A logo representing Goldman Sachs can be seen on the New York Stock Exchange (NYSE), New York City, New York. It was taken November 17, 2021. REUTERS/Andrew Kelly

HONG KONG, (Reuters) – Goldman Sachs (NYSE 🙂 expects 7 25-basis point interest rate increases from the U.S. Federal Reserve in 2018, up from five. This forecast was updated after U.S. inflation data on Thursday.

U.S. consumer price inflation soared 7.5% on a year over year basis last month. That’s higher than economists’ estimates at 7.3%. The increase was also the highest annual inflation rate in forty years. Further pressure is being placed on the Fed, who has been increasing rates aggressively.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are provided by market makers and are therefore not necessarily accurate. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]