- Analytics
- News and Tools
- Market News
- Fed: Expect the first-rate lift-off in July 2022 – Goldman Sachs
Fed: Expect the first-rate lift-off in July 2022 – Goldman Sachs
Analysts at Goldman Sachs offer their outlook on the US economy while predicting the Fed’s first interest rate hike in July 2022.
Key quotes
“For the Federal Open Market Committee, Goldman Sachs see what they describe as a "seamless" transition from tapering to rate hikes.”
“They expect the first-rate hike 'lift-off' in July 2022.”
“Core PCE inflation to rise further in the US winter, but eventually falling to low 2% levels, as a transitory inflation boost from durable goods becomes a transitory deflationary drag in late 2022 and 2023.”
“Expect the slowing due to the Delta wave has passed, growth is accelerating again, with a ways to go for the service sector.“
“But declining fiscal support will be a major growth headwind through the end of 2022 as near-term boosts from reopening, pent-up savings, and inventory restocking subside, growth should decelerate to potential by late 2022.”
“Looking for the jobless rate to drop to its 3.5% pre-pandemic low in 2022.”
“Participation is likely to remain below its pre-pandemic trend.”
"Strong labor demand and reduced labor supply should keep wage growth just above 4%, stronger than last cycle but compatible with the Fed's inflation goal.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
