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Additional Interest Rate Hikes Forecasted for 2016

hamilton-zanze November 30, 2015

The U.S. Federal Reserve is expected to announce its first interest rate raise in almost a decade in December. Goldman Sachs economists believe rates could rise by 1% in 2016 due to steady consumer spending, a strong labor market, rising home sales, and construction. This forecast is double previous forecasts. Goldman Sachs economists Jan Hatzius and Zach Pandl “expect the economy to reach full employment over the next year.” A rate hike could increase mortgage costs and weigh on the housing market as a result.