Goldman Abandons March Rate Hike Prediction as Traders Reverse Fed Bets

Less than a week after Federal Reserve Chair Jerome Powell opened the door to a re-acceleration in the pace of interest-rate hikes, traders slammed it shut again amid the sudden eruption of financial strains at US regional banks.

Goldman Sachs Group Inc. economists said they no longer expect the Fed to deliver a rate increase next week, even after US authorities moved to contain a crisis spurred by the exodus of depositors from Silicon Valley Bank and Signature Bank.

Source : Goldman Abandons March Rate Hike Prediction as Traders Reverse Fed Bets