Goldman Sachs Adjusts Fed Rate Hike Forecast to December

Goldman Sachs has pushed back its forecast for the next Federal Reserve interest rate hike from October to December, citing weaker-than-expected inflation data. The firm previously expected a 25-basis-point hike in October but now suggests the FOMC may need more time to evaluate economic data. Goldman Sachs noted that the committee might ultimately decide that further rate hikes are unnecessary if inflation continues to moderate, though policy paths remain subject to change based on energy prices and demand.