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Goldman Sachs predicts that the Fed will raise interest rates four times this year.
According to economists, the Fed will raise interest rates at every meeting starting in March.
In the report shared by the economists with the bank customers at the weekend, the current expectations will be four interest rate hikes in March, June, September, and December.
Fed officials are expected to signal the first rate hike since 2018 at their January meeting and pave the way for a step to be taken in March.
Emerging-market stocks slumped to their cheapest level since 2007 relative to US stocks. However, according to Goldman, emerging economies could show stronger growth this year.
