×

Goldman: Rising rates will hit these stocks hard

A Goldman Sachs sign hangs on the floor of the New York Stock Exchange.
Daniel Acker | Bloomberg | Getty Images
A Goldman Sachs sign hangs on the floor of the New York Stock Exchange.

Goldman Sachs predicts Thursday's highly anticipated meeting by the Federal Reserve will end up with policymakers delaying a potential rate hike until December.

"The 'wisdom of the crowds' as represented by Fed funds futures currently assigns just a 28 percent probability that the Fed will hike this month, compared with a 60 percent probability of a raise by December," Goldman's market strategist David Kostin wrote in a recent note to clients.

The Federal Reserve advertised for months its intention to increase rates for the first time in nine years, potentially this week, a decision that remains widely debated among investors and economists around the world.

Despite the delay, Goldman's investment strategy team believes investors need to get out of the way of rising rates. And there's one group of stocks in particular that could kill your returns for 2015.

Contact Investing

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.