Goldman Sachs: The economy 'is going to slow a lot' — but there is one big upside

The Federal Reserve may have no other choice but to put the brakes on its aggressive pace of rate hikes later this year.

, it's that the Federal Reserve may have no other choice but to put the brakes on its aggressive pace of rate hikes later this year.

Mericle forecasted that the Fed will raise interest rates by 75 basis points at its July meeting, 50 basis points in September, and 25 basis points in November and December. Jerome Powell testifies before the Senate Banking, Housing, and Urban Affairs Committee June 22, 2022 in Washington, DC.

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