Goldman Sachs Warns of 26% Stock Market Drop if FED Pushes Interest Rate Hikes

Per Business Insider

The Federal Reserve is expected to raise interest rates next week by another 75 basis points on top of the added 225 points year-to-date.

Golden Sachs warns that this could result in the stock market dropping another 26%. Should the FEDs hurt the job market, Goldman believes a rise in the unemployment rate to 6% could result in the S&P dropping to 2,900.

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