Goldman Sachs and Bank of America Expect 3 More Fed Rate Hikes This Year

Goldman Sachs and Bank of America Expect 3 More Fed Rate Hikes This Year

THE SIGNAL

By Aniruddha Ghosh and Siddarth S(Reuters) — Goldman Sachs and Bank of America said they expect the U.S. Federal Reserve to raise interest rates three more times this year, lifting their estimates after data pointed to persistent inflation and a resilient labor market.Producer prices accelerated in January by the biggest margin in seven months, according to data on Thursday, while a Labor Department report showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week.“In light of the stronger growth a …

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