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- Our Fed forecast is being revised to include 75bps hikes in June and July – Goldman Sachs
Our Fed forecast is being revised to include 75bps hikes in June and July – Goldman Sachs
“Our Fed forecast is being revised to include 75bps hikes in June and July,” said Goldman Sachs in its latest Fed forecasts per Reuters.
Key quotes
We anticipate two more rate increases in 2023 to 3.75-4%, followed by one cut in 2024 to 3.5-3.75%.
We anticipate a 50bp increase in September, followed by 25bp increases in November and December, for an unchanged terminal rate of 3.25-3.5%.
We expect the median dot to show 3.25-3.5% at end-2022.
FX implications
Recently growing chatters over a 75 bp rate hike by the Fed has been the key catalyst for the heavy risk-off mood. The same weighed down equities and propelled the US dollar, as well as Treasury bond yields of late.
Also read: Investors weigh the probabilities of three Fed scenarios: A 50bps, 75bps or even a 100bps hike
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