HomeFinancial MarketsFed Unlikely to Raise Rates in November, Goldman Sachs

Fed Unlikely to Raise Rates in November, Goldman Sachs

Goldman Sachs strategists have claimed that the Federal Reserve is unlikely to raise interest rates in November and instead appears more likely to do so at their policy meeting next week.

“On November, we think that further labor market rebalancing, better news on inflation, and the likely upcoming Q4 growth pothole will convince more participants that the FOMC (Federal Open Market Committee) can forgo a final hike this year, as we think it ultimately will,” the investment bank’s strategists observed in a report.

According to CME Group’s FedWatch Tool, markets have priced a 98% chance that interest rate would remain unchanged in September. In terms of the Fed’s November meeting, there is currently a 72% probability that interest rates would remain unchanged.

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