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Goldman Sees Fed Hiking 50 Basis Points at May and June Meetings

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WATCH: Federal Reserve Chair Jerome Powell says the central bank will take the “necessary steps” to ensure a return to price stability.Source: Bloomberg

Goldman Sachs Group Inc.’s economists now expect the Federal Reserve to raise interest rates by 50 basis points at both its May and June policy meetings.

Economists led by Jan Hatzius said the Fed will likely raise by 25 basis points in the four remaining meetings in the second half of the year, with three quarterly hikes in the first nine months of 2023.