Goldman Sachs economists now anticipate that the Federal Reserve will raise interest rates by 25 basis points in September, after the bank decided to keep interest rates unchanged. The team's interest rate expectations changed due to the fact that the US core CPI for August announced in New York on Friday morning was higher than market expectations; after this data was released, market pricing showed a 90% probability of interest rate hikes in September. David Merrickell, chief US economist at Goldman Sachs, said in a Friday research report: “We currently expect next week's FOMC September meeting to raise interest rates by 25 basis points. Although the current CPI data only slightly raised our forecast for the August core personal consumption expenditure price index to 0.26%, which did not change our fundamental judgment on inflation, we believe that in a situation where the probability of a rate hike in market pricing is close to 90%, it will cause sharp market fluctuations, and the Commission hopes to avoid this situation.”

Goldman Sachs economists now anticipate that the Federal Reserve will raise interest rates by 25 basis points in September, after the bank decided to keep interest rates unchanged. The team's interest rate expectations changed due to the fact that the US core CPI for August announced in New York on Friday morning was higher than market expectations; after this data was released, market pricing showed a 90% probability of interest rate hikes in September. David Merrickell, chief US economist at Goldman Sachs, said in a Friday research report: “We currently expect next week's FOMC September meeting to raise interest rates by 25 basis points. Although the current CPI data only slightly raised our forecast for the August core personal consumption expenditure price index to 0.26%, which did not change our fundamental judgment on inflation, we believe that in a situation where the probability of a rate hike in market pricing is close to 90%, it will cause sharp market fluctuations, and the Commission hopes to avoid this situation.”