Goldman Sachs Group Inc. economists said they expect the U.S. Federal Reserve to tighten monetary policy faster than previously anticipated next year amid rising inflationary pressures. The central bank will double the pace it’s withdrawing its massive asset purchase program to $30 billion a month from January and start raising interest rates from near zero in June, the economists led by Jan Hatzius said in a report to clients on Thursday. The bank will then hike rates in September and December as well as twice in 2023, said the economists, who previously expected the benchmark to be boosted in July and November. ... (full story)