Interest rates

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Goldman Sachs has predicted that the US Fed rate will eventually reach 5% by March 2023, which translates into another 100 bps hike within the next 4 months. While double digit interest rate on fixed deposit in the near future may appear distant, however, the possibility of the interest rate crossing the 9% mark doesn't appear far fetched. Fixed Deposit, Growing Wealth, Bank Of Baroda, Goldman Sachs, Finance Bank, Financial Accounting, Interest Rate, Economic Times, Investment Advisor

Goldman Sachs has predicted that the US Fed rate will eventually reach 5% by March 2023, which translates into another 100 bps hike within the next 4 months. While double digit interest rate on fixed deposit in the near future may appear distant, however, the possibility of the interest rate crossing the 9% mark doesn't appear far fetched.

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