Goldman Sachs Research

Moving to Seven Rate Hikes in 2022

Following yesterday’s strong CPI print, Goldman Sachs Research is raising their Fed forecast to include seven consecutive 25bp rate hikes at each of the remaining FOMC meetings in 2022 (vs. five hikes in 2022 previously). They continue to expect the FOMC to hike three more times at a gradual once-per-quarter pace in 2023Q1-Q3 and to reach the same terminal rate of 2.5-2.75%, but earlier.

Goldman Sachs Research
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  • Moving to Seven Rate Hikes in 2022
    10 February 2022