SYDNEY, Sept 17 (Reuters) – Goldman Sachs now expects the US Federal Reserve to raise interest rates by 25 basis points at its October policy meeting, adding a further hike to its September call.
In a note, the Wall Street bank said October was the most likely time for the next move, because it was most natural to deliver hikes that the Fed presented as supporting “a timelier return” to the 2% inflation target at consecutive meetings.
(Reporting by Wayne Cole; Editing by Clarence Fernandez)
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