US financial titan Goldman Sachs reportedly believes that the Federal Reserve will not raise interest rates this month following the high-profile collapses in the banking sector.
Goldman Sachs’ chief economist Jan Hatzius predicted on Sunday that the Fed will pause rate hikes this month instead of bumping them up by another 25 basis points, as was previously expected, according to a report from CNBC.
“In light of the stress in the banking system, we no longer expect the FOMC [Federal Open Market Committee] to deliver a rate hike at its next meeting on March 22nd.”
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Fellow banking giant JP Morgan, however, believes the opposite, according to Wall Street Journal economics correspondent Nick Timiraos.
“If they indeed have used the right tool to address financial contagion
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