Given the tension in the banking system, we no longer expect the FOMC to raise rates at its next meeting on March 22.
The Federal Reserve (Fed) of the United States will not raise rates important for the meeting that the US central bank will hold next week, given the turbulence in the banking sector due to the situation of the Silicon Valley Bank (SVB), according to updated forecasts from Goldman Sachs analysts.
“Given the tension in the banking system, we no longer expect the FOMC to raise interest rates at its next meeting on March 22,” anticipates the US bank, which previously counted on a rate hike. 25 basis points.
For now, however, Goldman Sachs is betting that the decision won’t be until next week a break in the Fed’s bias and has left unchanged its expectation that the US Federal Reserve will implement interest rate hikes of 25 basis points “in May, June and July”.
For example, analysts at Goldman Sachs now expect the Fed’s final interest rate to be between 5.25-5.5%although they warn of great uncertainty.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
