Goldman Sachs now expects the Federal Reserve to raise its benchmark interest rate again in October, a 180-degree pivot from its earlier call for a September hike followed by a pause. The shift comes after the Fed on Wednesday lifted rates by 25 basis points to a 3.75%–4.00% target range. The central bank’s updated rate projections revealed a strong majority of policymakers expecting at least one more increase this year, and Fed Chair Kevin Warsh struck a hawkish tone at the post-meeting press conference.