Goldman Sachs expects Federal Reserve to raise interest rates 3 ‎times this year

Goldman Sachs said it now expects the Federal Reserve to raise interest rates three times this year, by a quarter of a percentage point each time, after data this week indicated rising inflation and a strong labor market.

According to Reuters, a report on Thursday showed that producer prices in January accelerated by the largest margin in seven months, while another report showed that the number of Americans filing new applications for unemployment benefits fell unexpectedly last week.

Financial markets currently estimate that the final interest rate will reach 5.3 percent by July

Most economists, who were polled by Reuters before the latest US data, expected the Federal Reserve to raise interest rates at least twice more in the coming months, in light of the possibility that the increase in interest rates would remain large, and none of them expected a cut in this interest rate. year.