Goldman Sachs delays Fed rate hike forecast from October to December.

BlockBeats news, October 1st, Goldman Sachs Group stated that the inflation data released by the United States on Wednesday, combined with the speech by New York Fed President Williams yesterday, has led it to now believe that the Federal Reserve is unlikely to raise interest rates in October.

Economists Jan Hatzius, David Mericle, and Alec Phillips, among others, noted in a research report that based on the latest inflation report, the fourth-quarter core PCE year-over-year growth rate is expected to be 3.0%, significantly lower than the median forecast of 3.4% by FOMC participants.

The bank therefore postponed its expectation for a second rate hike to December, while considering it highly likely that the FOMC will ultimately determine that further rate hikes are unnecessary.