Fed Rates To Peak In March 2023
0By 2023, the Federal Reserve may raise interest rates to a maximum of 5%, according to Goldman Sachs. For the fourth consecutive month in November, the central bank is predicted to hike interest rates by 75 basis points. Inflation that is "uncomfortably high," the need to slow the economy once fiscal tightening ends, and rising price-adjusted wages are the three factors cited by Goldman as justification for anticipating the Fed to raise rates beyond February.
Source: https://www.reuters.com/markets/asia/goldman-sachs-sees-fed-rates-peaking-5-march-bloomberg-news-2022-10-30/
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