Goldman Sachs sees 85% chance of Fed rate hike in September meeting

A Federal Reserve rate hike is expected this week following the release of hot inflation data. Goldman Sachs estimates an 85% probability that the Fed will increase rates during the September meeting. Such a move would tighten monetary policy, which could significantly impact interest-sensitive assets and shape future market expectations. These developments highlight the ongoing pressure on the Federal Reserve to address inflation through strategic adjustments to interest rates in the coming weeks.