Goldman Sachs Group Inc.’s economists now expect the Federal Reserve to raise interest rates seven times this year to contain surging U.S. inflation, a change from the five hikes they had seen earlier. The change of view comes after the U.S. consumer price index report for January showed a 7.5% annual increase, the biggest since 1982. Gains were broad-based, extending beyond food and energy to categories including household furnishings and health insurance. Economists led by Jan Hatzius are tipping the Fed will move by 25 basis points at seven consecutive meetings of the Federal Open Market Committee. While there’s a ... (full story)