Goldman Sachs economists offer a preview of what they expect from the next monetary policy decision of the Federal Reserve (US Fed) for February.
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“Since the FOMC last met in December, incoming data on wage growth and inflation have been encouraging, while signs of growth in activity have been mixed and, at times, worrying. this is over facilitating the arguments to slow the pace of rate hikes to 25 basis points this week.”
“The key question for the February meeting is what signal the FOMC will give about further hikes this year. We expect two additional 25bp hikes in March and Maybut less may be needed if weak business confidence depresses hiring and investment, or more may be needed if the economy reaccelerates as the impact of earlier monetary policy tightening fades.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
