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via marketwatch.comEconomy

Goldman Sachs changes its Fed rate forecast after hot CPI data

FROM THE WIRE · MARKETWATCH.COM

Following Tuesday's hot CPI data , Goldman Sachs is now pencilling in additional Fed tightening.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishExpectations of additional Fed tightening weigh on rates and equity markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Goldman Sachs has changed its forecast for Fed interest rates.
  2. 02The change follows Tuesday's CPI data, described as hot.
  3. 03Goldman now expects the Fed to tighten further.

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