Strategists at Goldman Sachs (NYSE:GS) wrote on Saturday 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 interest rates. His forecast for economic growth at this week's monetary policy meeting.
“We believe 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 final time this year,” the bank's strategists wrote in a report in November.
As market players try to gauge the course of the US central bank's monetary policy, some major investors, including JPMorgan Asset Management (NYSE:JPM) and Janus Henderson Investors, said that the central bank is likely finished raising interest rates, in the wake of more active... A cycle of tightening monetary policy for decades.
Strategists at Goldman Sachs stated 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 percent from 1 percent when policymakers update their economic forecasts on Wednesday, reflecting the economy's resilience.
Strategists at the bank also expect the US center to reduce its estimate of the unemployment rate for 2023 by twenty percentage points to 3.9 percent, and to reduce core inflation estimates by four-tenths of a percentage point to 3.5 percent.
