Central Banks

Goldman Sachs Now Sees Fed Rates Peaking at 5% in March

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By Simon Kennedy

October 30, 2022 at 5:54 AM UTC

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Goldman Sachs Group Inc. economists said they now expect the US Federal Reserve to raise interest rates to 5%, higher than previously predicted.

The central bank will lift its benchmark rate to a range of 4.75% to 5% in March, 25 basis points more than earlier expected, economists led by Jan Hatzius wrote in an Oct. 29 research report.