Goldman Sachs: The Federal Reserve's interest rate hike expectations for this year remain low

According to Jinshi reports, Goldman Sachs analysts pointed out in a report that since the outbreak of the war in Iraq, the market pricing of the U.S. federal funds rate has fluctuated dramatically, but the likelihood of interest rate hikes this year remains low. Analysts stated that the current scale of supply shocks is relatively small and more limited than shocks that have previously caused inflation issues, with oil price increases also smaller than those in the 1970s. They believe that the starting point of the economy makes the possibility of widespread inflation spillover low, and the current starting point of monetary policy also reduces the probability of interest rate hikes.