Goldman Sachs said it is raising its forecast to include seven consecutive 25 bps rate hikes at each of the remaining Federal Open Market Committee (FOMC) meetings in 2022 from a previous expectation of five hikes. The current Fed fund effective target is 0-0.25%. BofA Global Research said there is a risk of a 50-basis-point hike in the Fed’s March policy meeting. J.P.Morgan said on Jan. 28 it expects five rate hikes in 2022, up from the four it estimated previously. Barclays now expects the Fed to raise rates by 25 bbs five times this year.Register now for FREE unlimited access to Reuters.com’s complete coverage of the Fed policy meeting here. . . .
Read more at www.reuters.com