Economists at Goldman Sachs are now forecasting 7 Federal Reserve rate hikes this year

Updated view following Thursday's strong inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term results for the US. GS was previously at 5 hikes this year.

That is a hike at each meeting still to come this year:

• “We are raising our Fed forecast to include seven consecutive 25bp rate hikes at each of the remaining FOMC meetings in 2022
• We continue to expect the FOMC to hike three more times at a gradual once-per-quarter pace in 2023 Q1-Q3 and to reach the same terminal rate of 2.5-2.75%, but earlier.
• We see the arguments for a 50bp rate hike in March. The level of the funds rate looks inappropriate, and .. concerns about falling into a wage-price spiral deserve to be taken seriously.”