https://img.etimg.com/photo/96037100.cmsGoldman 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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