Goldman Sachs stock shifts Fed outlook after hotter inflation data

Published on 11/11/2026 at 17:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs stock faces a later easing path after the bank added a March hike to its Fed outlook. Rate cuts now start later.

Fed path shifts for Goldman Sachs

Goldman Sachs now expects another 25-basis-point Fed hike in March 2027.
The bank pushed its first expected rate cut back to December 2027.
Persistent inflation, tariffs, energy costs and strong AI investment remain key policy risks.

Goldman Sachs, US38141G1040, Illustration mit AI erstellt.

Goldman Sachs has revised its Federal Reserve outlook after hotter-than-expected October inflation. In a report published Wednesday, November 11, Reuters said the bank now expects an additional 25-basis-point rate increase in March 2027, rather than an end to the hiking cycle in December.

What changed in the Fed outlook

Goldman Sachs chief U.S. economist David Mericle said a third hike is more likely in March than in January. The bank expects inflation to ease toward year-end before renewed price pressure at the start of 2027, supported by elevated costs, tariffs, resilient consumer demand and strong artificial-intelligence investment.

Markets were fully pricing a 25-basis-point increase at the Federal Reserve's December 9 meeting, according to the Reuters report. Goldman also moved its expected start for rate cuts back by three months to December 2027, followed by further reductions in March, June and September 2028. Its eventual federal funds rate forecast remains 3.25% to 3.5%.

Why the outlook matters for investors

A longer period of restrictive policy could support net interest income in parts of banking, but it may also weigh on financial-asset valuations and capital-markets activity. The Reuters report did not link the forecast change to a specific move in Goldman Sachs stock.

Goldman Sachs stock traded at 836.40 euros on Lang & Schwarz at 17:03 CET on Wednesday, November 11, 3.08 percent above the Xetra close of Tuesday, November 10, at 811.40 euros. The Xetra close is shown by Yahoo Finance. The quote was 1.19 percent higher than the 826.60 euros cited in the earlier Goldman Sachs report at 13:23 CET.