Goldman Sachs Forecasts Fed to Raise Rates by 0.25% in October

Goldman Sachs has forecasted that the U.S. Federal Reserve will raise its benchmark interest rate by 0.25 percentage points at its October policy meeting. Reuters reported on October 17, citing a Goldman Sachs memo, noting this outlook follows expectations of a September rate hike. The firm explained that consecutive rate increases align with the central bank's policy direction to more swiftly return inflation to its target of 2%.