Goldman Sachs Asset Management expects the Federal Reserve to resume interest rate hikes in December, following the Fed's decision on Wednesday (October 28, 2026) to keep the federal funds rate unchanged at 3.75%-4.00%. Kay Haigh, the firm's Chief Investment Officer of Fixed Income, stated that stronger-than-expected September inflation indicated persistent price pressures. Haigh also warned that further increases in energy prices or stronger economic data could prompt the Federal Reserve to tighten monetary policy further in 2027.