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Benzinga
Benzinga
World
Vandana Singh

Goldman Expects Interest Rate Hike By 50bps at May, June Meetings: Reuters

GS US Federal Reserve Goldman Sachs NYSE Jerome Powell

Goldman Sachs Group Inc (NYSE:GS) expects the U.S. Federal Reserve to raise interest rates by 50 basis points each at its May and June meetings, following remarks by Jerome Powell, Federal Reserve's chairman.

Reuters reported that the Fed must move "expeditiously" to raise rates and possibly "more aggressively" to keep an upward price spiral from getting entrenched, Powell said on Monday. 

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