Register now for FREE unlimited access to Reuters.com RegisterPeople wearing masks, following the coronavirus disease (COVID-19) outbreak, are seen near an electronic board showing Dow Jones and S&P 500 stock indexes, at the Lujiazui financial district in Shanghai, China November 9, 2020. REUTERS/Aly Song/File PhotoSept 23 (Reuters) - Goldman Sachs has cut its year-end 2022 target for the benchmark S&P 500 (.SPX) index by about 16% to 3,600 points, as the U.S. Federal Reserve shows little signs of stepping back from its aggressive rate-hike stance. Analysts at Goldman Sachs wrote in a note late Thursday that the expected path of interest rates by the central bank is now higher than its previous estimate. Earlier this month, UBS cut its 2022 year-end target for the S&P 500 to 4,000 points. Register now for FREE unlimited access to Reuters.com RegisterReporting by Aniruddha Ghosh in Bengaluru; Editing by Anil D'Silva and Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

---