Goldman Sachs expects the Federal Reserve to no longer raise interest rates at its meeting next week, citing “recent stress” in the financial sector.
last Sunday US regulators have announced measures to stem bank closure fears. Following the collapse of Silicon Valley Bank and regulators also shut down Signature Bank citing systemic risks.
“Amid stress in the banking system, we do not expect the FOMC to raise interest rates at its next meeting on March 22,” said Goldman economist Jan Hatzius.
Goldman Sachs had previously expected the Federal Reserve to raise interest rates by another 0.25% basis point last month. At the same time, it is expected that The Fed will raise interest rates by 0.25% at its May, June and July meetings, with expectations that The final interest rate will be 5.25% to 5.5%.
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