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VIEW: Goldman Still Lok For Step Down To 25bp In Feb

FED

Goldman Sachs note that they continue “to expect three additional 25bp rate hikes in February, March, and May, for a peak funds rate of 5-5.25%. We do not think that Powell meant to send a strong signal about the size of the next hike in February today, but we see his intention to “feel our way” to the appropriate policy rate as most consistent with our forecast of another stepdown in the pace to 25bp.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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