Bearish
Goldman Sachs (GS) stock declines 1.94% to $940.74 amid Fed rate hike forecast.
Goldman Sachs' stock fell 1.94% to $940.74 following the firm's forecast of an additional Federal Reserve rate hike. Analysts anticipate a 50 basis point increase at the Fed's October 27 meeting, which could impact bank net interest margins and capital markets activity.
Key points
- Goldman Sachs forecasts one more Federal Reserve rate hike, potentially affecting bank net interest margins and capital markets activity.
Sources
AI-generated from public news sources. Not financial advice.
