No more interest rate hikes?
(For Now at least)
All the ‘market’ people are REALLY talking about right now is interest rates #1
The Banks #2
They want ole’ Jerome & Co. over at the Fed to STOP raisng the interest rates……
The market people (and consumers) are hoping the banking worries will cause the Federal Reserve to hold off …..
Some of us think the rate hikes have been ineffective against inflation so far….
Economists for Goldman Sachs said they do not expect the Federal Reserve to raise interest rates at its next meeting this month, citing the pressure that already increased rates have put on banks, following the historic failure of Silicon Valley Bank.
“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 22,” Goldman economist Jan Hatzius said in a Sunday report….
Fed Chair Jerome Powell told lawmakers last week that recent economic numbers have shown that the cooling down in the economy that was seen in the past few months may have reversed, potentially necessitating more aggressive rate hikes in the near future. Strong job numbers from early this year have shown an economy that is stingy to the Fed’s cooling measures….
Goldman analysts said they still expect the 25 point hikes in May, June and July…..
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