Ekonomické zprávy
01.11.2021

Goldman Sachs has revised its forecast for a Fed rate hike

Reuters reports that Goldman Sachs has brought forward its forecast by a year to July 2022 for the first post-pandemic U.S. interest rate hike.

"The main reason for the change in our liftoff call is that we now expect core PCE inflation to remain above 3% -- and core CPI inflation above 4% -- when the taper concludes," Goldman's chief economist, Jan Hatzius, wrote in a client note.

"Large surprises on the virus, inflation, wage growth, or inflation expectations, could prompt a revision, but we think the hurdle for a change in either direction is high," said Hatzius.

Goldman Sachs also expects a second interest rate hike in November 2022 and two rate increases each year after that.

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