Goldman slashes rates forecast as US slowdown looms

Researchers from Goldman Sachs said on Wednesday that the bank was scaling back its projected targets for year end mortgage and 10 year Treasury rates as indications of a slowing US economy and Federal Reserve dovishness suggest a gentler path upwards for interest rates.

  • By Alexander Saeedy
  • 10 Jan 2019

As early as November, markets were pricing in up to four rate hikes from the Fed in 2019, while the consensus today is much closer to two or even just one. Goldman is officially forecasting 1.1 hikes on a weighted probability basis.

On the back of those ...

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