The Federal Reserve is likely to hike interest rates even more aggressively than initially believed as they try to combat inflation, according to Goldman Sachs economists.
Barron’s markets editor Ben Levisohn, Barron’s reporter Carleton English, and Barron’s associate editor Jack Hough discuss recent market trends, inflation, and the IRS beefing up its auditing on ‘Barron’s Roundtable.’charting an even more aggressive course of interest rate increases after the U.S. central bank took an increasingly hawkish stance during its two-day meeting.
In addition to the large rate hike, Fed officials laid out an aggressive path of rate increases for the remainder of the year. New economic projections released after the two-day meeting show policymakers expect interest rates to hit 4.4% by the end of the year, suggesting that another three-quarter percentage point increase is on the table.
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