Goldman Sachs shifts forecast, now expects Fed rate hike in October

Goldman Sachs has revised its outlook, now predicting the Federal Reserve will raise interest rates by 25 basis points in October. The investment bank cited the Fed's own hawkish near-term rate projections as a key factor behind the updated forecast. This marks a notable shift in Goldman's earlier stance on the timing of future rate increases. The revision reflects growing expectations that the Fed remains committed to tightening monetary policy in the near term.