The Zhitong Finance App learned that the higher-than-expected US CPI data for October released on Tuesday prompted Goldman Sachs to adjust its previous forecast that the current round of the Fed's interest rate hike cycle will end in December. The Wall Street financial giant now predicts that the Federal Reserve will raise interest rates by another 25 basis points in March next year.

The Zhitong Finance App learned that the higher-than-expected US CPI data for October released on Tuesday prompted Goldman Sachs to adjust its previous forecast that the current round of the Fed's interest rate hike cycle will end in December. The Wall Street financial giant now predicts that the Federal Reserve will raise interest rates by another 25 basis points in March next year.