Goldman Sachs said it was expecting the U.S. Federal Reserve to raise interest rates three more times this year by a quarter of a percentage point each, after data this week pointed to persistent inflation and resilience in the labor market.
on Thursday, while a Labor Department report showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week.
"In light of the stronger growth and firmer inflation news, we are adding a 25bp rate hike in June to our Fed forecast, for a peak funds rate of 5.25-5.5%," economists led by Jan Hatzius said in a note dated Thursday.After the recent U.S. data, European investment bank UBS said it was expecting the central bank to raise rates by 25 bps at its March and May meetings, which may leave the fed funds rate at the 5-5.25% range.
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