Economists for Goldman Sachs said they do not expect the Federal Reserve to raise interest rates at its next meeting this month, citing the pressure that already increased rates have put on banks, following the historic failure of Silicon Valley Bank. “In light of the stress in the banking system, we no longer expect the FOMC (Federal Open Market Committee) to deliver a rate hike at its next meeting on March 22,” Goldman economist Jan Hatzius said in a Sunday report. Goldman previously expected the Fed to hand down a 25-point hike this month, but after the havoc in the banking industry set in motion by the fall of Silicon Valley Bank, analysts are tempering their expectations for ra
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