Goldman Sachs says again they expect July was the final FOMC interest rate rise

<p>Goldman Sachs response to the speech from Federal Reserve Chair Powell at Jackson Hole. </p><ul><li>Powell’s speech noted that the FOMC will ‘proceed carefully’</li><li>We continue to expect that the FOMC will ultimately decide that further policy tightening is unnecessary, making the hike at the July FOMC meeting the last of the cycle</li></ul><p>ps. from Friday:</p><ul><li><a href="https://www.forexlive.com/centralbank/powell-we-are-prepared-to-raise-rates-further-if-appropriate-will-proceed-carefully-20230825/" target="_blank" rel="follow" data-article-link="true">Powell: We are prepared to raise rates further if appropriate, will proceed carefully</a></li><li><a href="https://www.forexlive.com/centralbank/a-review-of-the-speech-from-fed-powell-20230825/" target="_blank" rel="follow" data-article-link="true">A review of the speech from Fed Powell by topics</a></li><li><a href="https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-25-aug-powellfed-prepared-to-raise-rates-but-carefully-20230825/" target="_blank" rel="follow" data-article-link="true">Forexlive Americas FX news wrap 25 Aug: Powell/Fed prepared to raise rates but "carefully"</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.