Goldman Sachs has changed its forecast for the Fed's key rate by next March. The new estimate is 4.75-5%, which is 0.25% higher than the previous one.

According to the bank, the U.S. regulator will raise the rate by 0.75% at the November 2 meeting and by 0.5% in December. In February and March of the next year are projected increases of 0.25%. Earlier the bank did not expect an increase in March, but according to its experts, there are reasons for this in the current environment. In particular, it is the need to reduce inflation, which has reached record levels, and the cooling of the economy; in addition, monetary policy should not be eased before time.

However, Bloomberg wrote earlier that history shows that the Fed has always had to raise rates above the level where inflation was at (now over 8% in the U.S.). However, a recent New York Times article said that some Fed officials are considering less aggressive hikes going forward.