Goldman Sachs rules out that the Federal Reserve will raise interest rates this March due to the fall of SVB
“In light of the tension in the banking system, we no longer expect the FOMC to raise rates at its next meeting on March 22,” anticipates the US bank.
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Euskaraz irakurri
Euskaraz irakurri: Erreserba Federalak ez ditu datorren asteko bileran interes tasak igoko, Goldman Sachsen arabera
The United States Federal Reserve (Fed) will not raise rates of interest in the meeting that the US central bank will hold next week given the turbulence in the banking sector unleashed by the situation of the Silicon Valley Bank (SVB), according to updated forecasts from Goldman Sachs analysts.
“In light of the tension in the banking system, we no longer expect the FOMC to raise rates at its next meeting on March 22,” anticipates the US bank, which previously expected a rate hike. 25 basis points.
For now, however, Goldman Sachs is betting that next week’s decision will only be a pause in the Fed’s bias and has left unchanged its expectation that the US central bank will undertake rate hikes of 25 basis points “in May, June and July”.
Thus, Goldman Sachs analysts now expect the Fed’s terminal rate to be between 5.25-5.5%although they warn of considerable uncertainty.
Source: Eitb
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