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Goldman Sachs: Market Overestimates Rate Hike
Goldman Sachs' forecasts suggest that the financial markets are overly optimistic about the prospects of raising U.S. interest rates, especially given the recent decline in inflation and weak market data. The bank expects that the Federal Reserve's decision to increase interest rates in September will be exceptional and unlikely. Instead, markets are now pricing in a rate hike in January rather than December. These expectations continue to exert pressure on the global bond market, with the two-year U.S. Treasury yield surpassing 4%. The bank also anticipates that the yield curve will become more inverted as economic indicators improve and the risks of rate hikes diminish, while ruling out the possibility of tightening monetary policy.
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