Goldman sees Fed hiking by further 75 points on stronger growth

Bloomberg/Michael Heath/2-21-2023

graphic image of heads-up sign“I don’t think that necessarily breaks the trend toward disinflation but I think it reinforces the idea that the Fed still has work to do, So we think another 75 basis points from here with no cuts until 2024 seems like a more likely outcome.” – Jan Hatzius, Goldman Sachs chief economist

USAGOLD note: Some will view this forecast as optimisitic. Some of the more hawkish Fed officials are calling for a 0.5% rate increase. The next FOMC meeting is a mmonth away. Much water will run under the bridge between now and then.

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