Strategists at Goldman Sachs wrote that the Federal Reserve (the US central bank) is unlikely to raise interest rates at its meeting scheduled for October 31 and November 1, and they also expected the US central bank to raise its economic growth forecasts at its monetary policy meeting this week.
“In November, we believe that further labor market rebalancing, better inflation news, and potential fourth-quarter growth will convince more parties that the Federal Open Market Committee can forego raising interest rates one last time this year,” the bank’s strategists wrote in a report. “General”.
As market players try to gauge the course of the US central bank’s monetary policy, some major investors, including JP Morgan Asset Management and Janus Henderson Investors, said the central bank is likely finished raising interest rates, following the most active monetary policy tightening cycle since. Contracts.
Strategists at Goldman Sachs said that next year may witness “gradual” cuts in interest rates if inflation continues to decline.
They also said the central bank may raise its 2023 US growth estimate to 2.1% from 1% when policymakers update their economic forecasts on Wednesday, reflecting the economy’s resilience.
Strategists at the bank also expect the US Central Bank to reduce its estimate of the unemployment rate for 2023 by twenty percentage points to 3.9%, and to reduce core inflation estimates by four-tenths of a percentage point to 3.5%.
2023-09-17 10:03:32
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