Reuters reported that global investment bank Goldman Sachs expects the US Federal Reserve (Fed) Federal Open Market Committee (FOMC) to raise the benchmark interest rate by 25bp (0.25%p) in October. If this happens, it would be the second consecutive rate hike after a 25bp increase on September 16 (local time). In this regard, Goldman Sachs explained, "October is the most likely time for the next rate hike," adding, "It is most natural for the Fed to implement rate hikes in successive meetings, which they have described as a measure to more quickly return inflation to its target of 2%."
