Goldman Sachs: Fed still has 5 rate hikes to go

Goldman Sachs: Fed still has 5 rate hikes to go
The Federal Reserve elected to raise the federal funds rate three times so far in 2018, three times in 2017 and once in 2016, but Goldman Sachs says it still has five rate hikes to go. The company noted that the Fed is unlikely to conclude the hiking cycle unless it is reassured that the labor market overshoot doesn’t grow much further.
Source: https://www.housingwire.com/rss