Goldman Sachs has abandoned its March Federal Open Market Committee (FOMC) rate hike forecast, now expects no hike at the 21/22 March meeting. • "In light of recent stress in the bankng system, we no longer expect the FOMC to deliver a rate hike at its March 22 meeting with considerable uncertainty about the path beyond March." Goldman Sachs had been +25bp at the next four Federal Open Market Committee (FOMC) meetings. Now: • March on hold. • May +25bp. • June +25bp. • July +25bp. • Terminal rate forecast 5.25 - 5.5%. The Goldman Sachs forecast stands in contrast to that from JP Morgan: • JP Morgan "continue ... (full story)