Goldman Sachs pushes Fed rate hike forecast to December

Goldman Sachs has revised its forecast for the next US interest rate hike, pushing it back from October to December. This change comes after lower-than-expected inflation data was released for August, which suggests that inflation is not as high as previously thought. A lower inflation rate means the Federal Reserve may not need to raise interest rates as aggressively, which could have a positive impact on the economy and markets. The upcoming US nonfarm payrolls report will be closely watched to see if it supports this revised forecast.

Why it matters

Goldman Sachs has pushed its forecast for the next US interest rate hike to December, indicating a slower pace of monetary tightening. This change comes after lower-than-expected inflation data, which may lead to a more accommodative monetary policy.

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