Fed: Expect seven 25bp rate hikes in 2022, five hikes in 2023 – Goldman Sachs

Analysts at Goldman Sachs have raised their expectations for Fed’s tightening, especially after Chair Jerome Powell said in the March decision that every meeting will be a live one.

Key quotes

“Expect FOMC will hike at every meeting through Q1 2023 vs. prior expectation of Q4 2022. “

“Still expect seven 25bp rate hikes in 2022, but now expect five hikes in 2023.”