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Goldman Sachs Raises Fed Interest Expectations…and Markets Are Responding By Investing.com

© Reuters

Investing.com – It fell 1.12% and fell to 11,231.05 points, along with the S&P index, which lost 0.47% of its value in today’s session, after statements from the Fed that revealed the Fed’s dissatisfaction with the markets exaggeration in the rally and the price weakness of the Fed’s next steps.

Goldman Sachs (NYSE:) raised its forecast for the US Fed’s interest rate cap to a range of 5.00% to 5.25%, or 25 basis points higher than its previous forecast.

It traded without major movements during the day, posting $1778.15 an ounce, while contracts trade $21.562 an ounce, an increase of 0.23%.

Texas crude fell more than 2.00% to $85.14 to $92.53 a barrel, down 1.40%, despite the release of US oil inventories data with a larger decline than expected.

It is trading at $16,592 per symbol, down 2.38%, while Ethereum is down 3.91%.

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