VAST VIEW Goldman Economist Warns December Fed Rate Hike Still On The Table
Wall Street is bracing for the Federal Reserve to stand pat this month, but Goldman Sachs says a December interest rate move remains firmly in play.
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Economists widely expect the Federal Reserve to leave interest rates unchanged at its upcoming meeting, according to Bloomberg Markets. But the central bank is not expected to close the door on further action before year's end.
Goldman Sachs economist David Mericle said a December rate hike is still looming as a real possibility, per Bloomberg Markets. The comments suggest policymakers may be keeping their options open rather than signaling a prolonged pause.
The outlook adds a fresh layer of uncertainty for markets and consumers watching for signs of where borrowing costs are headed heading into the final stretch of the year.
Sources: Bloomberg Markets
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