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Goldman Sachs Expects Another Fed Rate Hike in October

Published by
Nidhi Kolhapur

Goldman Sachs now expects the Federal Reserve to raise interest rates by another 25 basis points in October, reversing its earlier view that September’s hike would be the last. The bank said Wednesday’s Fed meeting was more hawkish than expected. The Fed’s projections showed 16 officials expecting another hike this year, while Chair Kevin Warsh repeatedly said the latest move had “removed a dose of accommodation.”

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Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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