“The outlook is unusually murky,” Goldman warned as it cut its S&P price target by more than 15%. What To Watch ForGoldman economists project the Fed will hike rates by another 75 basis points in November, 50 basis points in December and 25 in February. If inflation continues to exceed expectations, those projections could ramp up—surely spelling more trouble for markets. The S&P has plunged 23% this year, and the Nasdaq has cratered 31%. Further ReadingFed Raises Rates Another 75 Basis Points—Pushing Borrowing Costs To Highest Level Since Great Recession (Forbes)Stocks Struggle As Markets Brace For Another ‘Unusually Large’ Fed Rate Hike (Forbes)

Source: Forbes September 23, 2022 22:52 UTC