Inflation running hotter for longer and further labor market tightening will force the Federal Reserve to hike rates four times rather than three in 2022, according to a new Goldman Sachs forecast. Jan Hatzius, chief economist at Goldman, wrote in a note Sunday that the investment bank is predicting a fourth 25-basis-point rate hike in December of this year, up from an earlier projection of three. The move would put the target federal funds into a range between 1.0-1.25 percent by the end of 2022. Currently, the benchmark interest rate sits at between 0-0.25 percent. Hatzius wrote that hawkish signals from the recently released minutes from the Fed’s December policy meeting (pdf), along with sticky inflation and continued recovery in the labor market, suggest a faster path for monetary policy tightening. The Fed meeting minutes show that members of the Federal Open Market Committee (FOMC) judged that current economic conditions …