ICYMI - Goldman Sachs now expect a 75bp Federal Reserve rate hike this week

I posted over the weekend on the Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term, ICYMI:

Goldman Sachs on the US economy - more aggressive Fed, higher unemployment, lower growth

Goldman Sachs have revised their projection for next week's Federal Open Market Committee (FOMC) meeting. GS expects the FOMC to hike 75 basis points, up from 50 basis points previously.

• “We expect the FOMC to deliver a third 75bp rate hike at its September meeting, taking the funds rate to 3-3.25%. The bond market is pricing a one-in-four chance of a 100bp hike.”
• “We expect the median dot to show the funds rate at 4-4.25% at end-2022, an additional hike to a peak of 4.25-4.5% in 2023, one cut in 2024 .. Some FOMC participants will likely see forecasting cuts as counterproductive after pleading with the bond market in August.”
• sees 50 bp hike in November
  sees 50 bp hike in December
  sees the fed funds rate peaking at 4-4.25% by the end of 2022

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The Federal Open Market Committee meeting is this week, statement due Wednesday 21 September at 1800 GMT with Chair Powell's news conference following half an hour later.

This snapshot from the ForexLive economic data calendar, access it here.