It’s hard to believe that just a month or so back the first Fed rate hike was not expected until Jan 2023. Goldman Sachs is among those to now predict a hike next July, bringing forecasts forward a whole year after the U.S. core PCE index — the Fed’s preferred inflation measure – came in at 4.4% annualised.
It’s hard to believe that just a month or so back the first Fed rate hike was not expected until Jan 2023. Goldman Sachs is among those to now predict a hike next July, bringing forecasts forward a whole year after the U.S. core PCE index — the Fed’s preferred inflation measure – came in at 4.4% annualised.



