Goldman Sachs delays US rate hike to December
Goldman Sachs Bank has postponed its expectation of raising U.S. interest rates until next December, following the release of lower-than-expected inflation data for August. This has reduced the likelihood of a rate hike in October. Previously, expectations pointed to a 25 basis point increase in October, but current conditions suggest that the Federal Reserve may opt to hold rates steady, amid hints from central bank officials that further rate increases may not be necessary. These developments come after the first interest rate hike in September in three years, aimed at controlling inflation, which rose by 3.4% in August—below previous estimates. Financial markets now project a 38% chance of a rate increase in October, down from 51% a week ago, as investors await the upcoming U.S. jobs report.
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