Fed Unlikely to Envisage Sustained Interest-Rate Hiking Cycle
Dow Jones09-24 13:21
0521 GMT - Goldman Sachs Asset Management still does not expect a sustained hiking cycle by the Federal Reserve, it says in a note. "We believe that tariff and energy-related price pressures may fade, the economy shows little sign of overheating, and inflation expectations remain anchored," it says. The dot plot--policymakers' interest-rate forecasts--at the Fed's meeting last week suggests one more hike this year. Money markets are pricing in 37 basis points of Fed rate hikes at the remaining two meetings of the year, according to LSEG.
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