Americans squeezed by unnervingly high borrowing costs might be closer to the end of the Federal Reserve’s latest tightening push.
Americans squeezed by unnervingly high borrowing costs might be closer to the end of the Federal Reserve’s latest tightening push, but that doesn’t necessarily mean mortgage or other long-term rates will quickly fall. Goldman Sachs chief economist Jan Hatzius now expects just one more quarter-point Fed hike, in December, and says even that move could disappear if inflation keeps cooling. The shift comes barely two weeks after the Federal Reserve raised its benchmark range to 3. 75%-4. 00%, its latest attempt to bring inflation back toward 2%. Since then, the case for aggressive tightening has weakened.