Goldman Sachs estimates four more Fed rate hikes, to reach 5% in March

Goldman Sachs has revised upward its estimate for the US Federal Reserve's key rates. In a note released by Bloomberg, economists anticipate that the Fed is expected to raise rates by 75 b.p. next Wednesday, when Jerome Powell and company meet to decide on a further hike in key rates. As for 2023, Goldman Sachs expects a 25 b.p. hike in February and March.