Goldman Sachs Expects Another Fed Rate Hike in October

Goldman Sachs now expects the Federal Reserve to increase interest rates by 25 basis points in October, according to Coinpedia. The bank has changed its earlier assessment that the September rate increase would be the final hike of the year. Goldman said the Federal Open Market Committee’s Wednesday meeting delivered a more hawkish signal than it had anticipated. The bank pointed to the Fed’s latest projections, which showed 16 officials expecting another interest-rate increase before the end of the year. The report also referenced Fed Chair Kevin Warsh. The revised outlook adds to the focus on the central bank’s policy path and its implications for financial markets, including gold, which is among the assets associated with this report.