Central Bank Isn’t Backing Down—More Rate Hikes Ahead in 2023
Pro Builder
JANUARY 5, 2023
Bond investors expect a top rate of 4.94%, but economists at Goldman Sachs expect the Fed will deliver quarter-point hikes at their next three meetings—holding top interest rates at 5.25%, the highest level since 2007, for the rest of the year. Incoming inflation data, however, could lower—or raise—these forecasts.
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