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Goldman Says Markets Too Hawkish on Betting Fed Will Hike Rates

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Goldman Says Markets Too Hawkish on Betting Fed Will Hike Rates Market bets on Federal Reserve interest-rate hikes are still too aggressive given that inflation in the world’s biggest economy is cooling, according to Goldman Sachs Group Inc. A rate increase at the central bank’s September meeting has become “very unlikely” due to softer retail sales data, disappointing employment numbers and slowing inflation prints, the investment bank’s chief economist Jan Hatzius wrote in a client note.

Goldman Says Markets Too Hawkish on Betting Fed Will Hike Rates Market bets on Federal Reserve interest-rate hikes are still too aggressive given that inflation in the world’s biggest economy is cooling, according to Goldman Sachs Group Inc. A rate increase at the central bank’s September meeting has become “very unlikely” due to softer retail sales data, disappointing employment numbers and slowing inflation prints, the investment bank’s chief economist Jan Hatzius wrote in a client note.
Goldman Says Markets Too (ORG) Federal Reserve (ORG) Goldman Sachs Group Inc. (ORG) Jan Hatzius (PERSON)
Originally published by Bloomberg Markets Read original →