Goldman, JPMorgan Forecast Sept Fed Rate Hike — SkimNews
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- Goldman Sachs expects the Federal Reserve to raise interest rates in September due to lingering inflation, according to Reuters.
- JPMorgan aligns with Goldman Sachs in forecasting a September rate hike as inflation remains resilient, per Reuters coverage.
- The Federal Reserve is positioned to increase interest rates for the first time in years, signaling a shift in monetary policy stance, as reported by the Wall Street Journal.
- Fed official Warsh is at odds with former President Trump over the prospect of a rate hike, highlighting political friction around monetary policy, Bloomberg notes.
- U.S. wholesale prices rose recently, adding to evidence of stubborn inflation driven partly by increasing oil costs, the source indicates.
Why it matters: Financial markets face tighter borrowing conditions sooner than expected, as two major banks converge on a September hike while policymakers clash publicly. With oil feeding inflation, the Fed may act despite political pushback, altering the economic outlook for consumers and businesses alike.
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