Goldman Sachs add another Federal Open Market Committee (FOMC) rate hike to their forecast

Goldman Sachs are forecasting FOMC rate hikes of 25bp each at the

• March
• May
• and June

meetings. GS were previously at 2 in the months ahead.

GS cite:

• stronger economic growth
• firmer inflation news

GS projects the peak Fed Funds rate at 5.25 - 5.5%