Economy News
Fed unlikely to raise rates in November, says Goldman Sachs

The Federal Reserve is unlikely to raise interest rates at its Oct. 31-Nov. 1 meeting, Goldman Sachs strategists wrote on Saturday, while also forecasting the U.S. central bank would lift its economic growth projections when policymakers gather 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 wrote in a report.

News Source:- https://www.reuters.com/markets/us/fed-unlikely-raise-rates-november-says-goldman-sachs-2023-09-16/