Goldman Sachs has revised its forecast for the monetary policy of the US Federal Reserve, now expecting the Fed to raise interest rates by 0.25% at its September policy meeting, having previously expected rates to be held steady, according to a Reuters report. In a note to clients on Friday, Goldman Sachs said the change in its projection was not driven mainly by a shift in its view of the US economic outlook, but by movements in financial markets, where most investors now expect the Fed to raise rates. The revision by Goldman Sachs therefore reflects the growing weight of market expectations regarding the direction of US interest rates ahead of the Fed's September policy meeting.
Goldman Sachs Group IncGoldman revises its Fed forecast to expect a 0.25% September rate hike, driven by market expectations rather than its own economic outlook.
