Goldman Sachs Expects Fed to Hike Rates in September Amid Market Pressure

Goldman Sachs has revised its forecast for the US Federal Reserve's interest rate hike. The bank now expects the Fed to raise rates by 25 basis points at its September policy meeting, reversing its previous prediction of keeping rates unchanged.

The change in Goldman's outlook is largely driven by financial market pricing, with investors increasingly expecting a rate increase. This shift in expectations has led Goldman Sachs to adjust its forecast, now aligning it with the prevailing market sentiment.