Fed Rates will Rise by 50 Basis Points in September, Predicts Goldman Sachs

Despite Friday's good US Nonfarm Payrolls and wage growth figures, Goldman Sachs analysts maintain that the Fed will raise interest rates by 50 basis points in September.

August 08, 2022 - 01:13 PM 471 views

Fed Rates will Rise by 50 Basis Points in September, Predicts Goldman Sachs

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© Fed Rates will Rise by 50 Basis Points in September, Predicts Goldman Sachs

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Despite Friday's good US Nonfarm Payrolls and wage growth figures, Goldman Sachs analysts maintain that the Fed will raise interest rates by 50 basis points in September.

Key Quotes

“The overall message is that wage growth is stagnating at a pace that is likely a few percentage points higher than what is necessary to achieve 2% inflation.”

"The Fed still has a ways to go, further than we previously believed,"

“Keep projecting a 50 basis point rate increase for the September 20–21 FOMC meeting.”

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