Fed unlikely to raise rates in November, says Goldman Sachs

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Fed unlikely to raise rates in November, says Goldman Sachs
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(Reuters) - The Federal Reserve is unlikely to raise interest rates at its Oct. 31-Nov. 1 meeting, Goldman Sachs strategists wrote on Saturday, while ...

- The Federal Reserve is unlikely to raise interest rates at its Oct. 31-Nov. 1 meeting, Goldman Sachs strategists wrote on Saturday, while also forecasting the U.S. central bank would liftLee's impacts to be felt as the storm tracks into Atlantic Canada this weekend | SaltWire - The Federal Reserve is unlikely to raise interest rates at its Oct. 31-Nov. 1 meeting, Goldman Sachs strategists wrote on Saturday, while also forecasting the U.S.

Goldman’s strategists, however, wrote that they expect the Fed's"dot plot," which reflects policymakers' interest rate projections and will be updated on Wednesday, to show"a narrow 10-9 majority still penciling in one more hike, if only to preserve flexibility for now," they wrote.

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Fed unlikely to raise rates in November, says Goldman SachsFed unlikely to raise rates in November, says Goldman Sachs'On November, we think that further labor market rebalancing, better news on inflation, and the likely upcoming Q4 growth pothole will convince more participants that the FOMC (Federal Open Market Committee) can forgo a final hike this year, as we think it ultimately will,' the investment bank's strategists wrote in a report. Goldman’s strategists, however, wrote that they expect the Fed's 'dot plot,' which reflects policymakers' interest rate projections and will be updated on Wednesday, to show 'a narrow 10-9 majority still penciling in one more hike, if only to preserve flexibility for now,' they wrote.
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