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Goldman Sachs raises rate hike expectations

Goldman Sachs raised the Fed’s interest rate hike expectations for September and November.

Goldman Sachs economists led by Jan Hatzius raised their interest rate hike expectations for the Fed’s September and November FOMC meetings.

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Goldman Sachs economists, who put forward their expectations that the Fed will raise interest rates by 75 basis points and 50 basis points in November at its September 20-21 meeting, had previously expected a 50 basis point increase in September and 25 basis points in November .

Economists predict that it will raise interest rates by 25 basis points in December.

In their investor note, Goldman Sachs economists also stated that “Fed officials have been using hawkish expressions lately and seem to point out that the slowdown in inflation is not progressing as fast as they would like.”

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