Fed to pause at its March meeting – Goldman Sachs
On the US Federal Reserve (Fed) rate hike decision, economists at Goldman Sachs noted, “we expect the FOMC to pause at its March meeting this week because of stress in the banking system."
Also read: Federal Reserve: Expect no rate hike in March – Goldman Sachs
Additional quotes
“While policymakers have responded aggressively to shore up the financial system, markets appear to be less than fully convinced that efforts to support small and midsize banks will prove sufficient.”
“ ... a pause in the inflation fight, but that should not be such a problem. Bringing inflation back to 2% is a medium-term goal, which the FOMC expects to solve only gradually over the next two years. The FOMC can get back on track quickly if appropriate, and the banking stress could have disinflationary effects.”
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
