Goldman Sachs forecasts NO rate hike from the FOMC in March

Goldman Sachs has abandoned its March Federal Open Market Committee (FOMC) rate hike forecast, now expects no hike at the 21/22 March meeting

• "In light of recent stress in the bankng system, we no longer expect the FOMC to deliver a rate hike at its March 22 meeting with considerable uncertainty about the path beyond March."

Goldman Sachs had been +25bp at the next four Federal Open Market Committee (FOMC) meetings.

Now:

• March on hold
• May +25bp
• June +25bp
• July +25bp
• terminal rate forecast 5.25 - 5.5%

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The Goldman Sachs forecast stands in contrast to that from JP Morgan:

• JP Morgan "continue to look for a 25bp hike at next week's" FOMC meeting