Goldman Sachs stated that "in light of recent stress in the banking system" it no longer expects the United States Federal Reserve to hike interest rates at its meeting on March 22. It added that there is "considerable uncertainty about the path" of rate raises after March.
The bank is now predicting 25 basis points hikes in May, June and July, with a terminal rate forecast between 5.25% and 5.5%. It previously estimated the Fed would also decide to raise key rates by 25 basis points in March.
