Goldman Sachs no longer expects the Fed to hike rates in March, cites stress on banking system
Publishing timestamp: 2023-03-13 00:14:37
Summary
Goldman Sachs no longer expects the Federal Reserve to raise interest rates at its meeting on March 22 due to recent stress in the banking system. U.S. regulators announced measures to stem contagion fears following the collapse of Silicon Valley Bank and the closure of Signature Bank. Goldman Sachs economists believe the relief measures announced will boost confidence among depositors and provide liquidity to banks facing deposit outflows. They still expect to see rate hikes in May, June, and July.
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Keywords: world economy, business news, markets, world markets, economy, u.s. economy, interest rates, central banking, signature bank,
Source: https://www.cnbc.com/2023/03/13/goldman-sachs-no-longer-expects-the-fed-to-hike-rates-in-march.html