GOLDMAN SACHS SEES LIMITED FED HIKES, POTENTIAL STOCK MARKET RALLY Goldman Sachs expects just one additional Fed rate hike, compared with three currently priced by markets, suggesting the current tightening cycle could be among the smallest since 1983. Strategist Vickie Chang highlighted historically strong equity performance following limited tightening cycles: the S&P 500 gained 34% in the year after the 1997 hike and 9% following the 2015 hike.(彭博社)