Goldman Sachs Predicts Another 25bp Fed Rate Hike in October

Global investment bank Goldman Sachs has forecasted that the U.S. Federal Reserve's Federal Open Market Committee (FOMC) will raise interest rates by 25 basis points in October, according to Reuters. This would mark the second consecutive rate increase following a 25bp hike on September 16 (local time). Goldman Sachs explained that "October is the most likely timing for the next rate hike" and noted that it would be "most natural for the Fed to implement consecutive rate increases at successive meetings in order to more quickly bring inflation back to its target of 2%," as described by the central bank.