Goldman Sachs has withdrawn its previous prediction that the Fed would keep rates unchanged next week and now expects a 25 basis point hike. Goldman stated that the latest CPI data hasn’t materially changed its inflation outlook, but with the market pricing in nearly a 90% probability of a rate hike, the Fed might want to avoid triggering a sharp market reaction by staying put. Wellington-Altus Chief Market Strategist James Thorne believes the current rate hikes are more about aligning with Wall Street expectations rather than addressing inflation. Meanwhile, KPMG Chief Economist Diane Swonk thinks inflation in the service sector remains elevated and predicts there could be three cumulative rate hikes by early 2027. (CoinDesk) https://(wublock123.com)/news/goldman-sees-fed-hike-25bp-next-week-market-prices-near-90-68326