Analysts at Goldman Sachs foresee four interest rates hikes by the US Federal Reserve (Fed) in 2022, in light of the December FOMC meeting’s minutes.
Key quotes
“Cite rapid jobs market progress and hawkishness in the December FOMC minutes.”
“We are therefore pulling forward our runoff forecast from December to July, with risks tilted to the even earlier side.”
“With inflation probably still far above target at that point, we no longer think that the start to runoff will substitute for a quarterly rate hike.”
“We continue to see hikes in March, June, and September, and have now added a hike in December.”
