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US Market: Goldman Sachs expects Fed to hike rates amid inflation fears
Goldman Sachs now expects the US Federal Reserve to raise interest rates by 25 basis points in September, reversing its earlier pause forecast. Rising oil prices, stronger producer inflation and shifting market expectations drove the revision.
US Market: Goldman Sachs expects Fed to hike rates amid inflation fears
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What Happened
Goldman Sachs now expects the US Federal Reserve to raise interest rates by 25 basis points in September, reversing its earlier pause forecast. Rising oil prices, stronger producer inflation and shifting market expectations drove the revision.
Key Details
Original reporting provided by Economic Times Markets.
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