© Reuters Goldman Sachs reviews its estimates of the US Federal Reserve’s upcoming moves
Arabictrader.com – According to its newsletter, economists at the US investment bank Goldman Sachs (:) Goldman Sachs reviewed their expectations for the US Federal Reserve’s upcoming moves regarding…
In this regard, bank experts said that the US Federal Reserve is not expected to raise interest rates at the next October meeting, leaving the rate at 5.50% unchanged.
Also, economists indicated that the US Federal Reserve is expected to raise its estimate for US growth for 2023 to 2.1% from 1%, when policymakers update their economic forecasts at the monetary policy meeting next Wednesday, which reflects the flexibility of the economy.
However, analysts added that next year is likely to see gradual interest rate cuts by the US Federal Reserve, as inflation continues to decline.
In addition, strategists at Goldman Sachs expected that the US Federal Reserve would reduce its estimate for 2023 to 3.9%, along with the possibility of lowering core inflation estimates to 3.5% as well.
2023-09-18 09:22:00
#Goldman #Sachs #reviews #estimates #Federal #Reserves #upcoming #moves #Arab #Trader
