[Goldman Sachs Predicts Third Fed Rate Hike in March, Rate Cut Forecast Delayed by One Quarter] According to a report by Cailian Press, Goldman Sachs stated that the US October CPI unexpectedly exceeded expectations. David Mericle, the firm's chief US economist, wrote in a report that he still expects the Fed to raise interest rates by 25 basis points for the second time in December, and has added a third 25 basis point rate hike in March 2027 to his forecast. The third rate hike could also be brought forward to January, but March is slightly more likely, as inflation data in November and December are expected to be relatively moderate. However, with continued cost pressures, the significant price increases at the beginning of the year are expected to push up January inflation. Goldman Sachs maintains its forecast that the federal funds rate will eventually peak at 3.25% to 3.5%, but now expects the Fed to begin cutting rates in December 2027, a one-quarter delay from its previous forecast.