Goldman Sachs Asset Management: Fed unlikely to enter a sustained rate hike cycle

BlockBeats news, September 24: Goldman Sachs Asset Management said in a report that it still does not expect the Federal Reserve to enter a sustained rate hike cycle. The institution stated: "We believe that tariff- and energy-related price pressures may fade, the economy shows few signs of overheating, and inflation expectations remain anchored." The dot plot from the Fed's meeting last week showed one more rate hike this year. According to LSEG data, money market pricing indicates a cumulative 37 basis points of rate hikes over the Fed's remaining two meetings this year.