Goldman Sachs: Market Bet on Fed Rate Hike Still Excessive
GS Goldman Sachs Group Inc
$1039.42 -0.31%
View chart & analysis → - 1Goldman Sachs Group (GS) said market bets on a Federal Reserve rate hike remain excessive, citing cooling US inflation.
- 2Chief economist Hatzius wrote that a September hike is "highly unlikely," given weak retail sales, disappointing employment, and easing inflation.
- 3The market has pushed back expectations for the next 0.25 percentage point hike to January, but Goldman says pricing remains hawkish and has further room to unwind.
This 3-line summary is compiled from the report below.
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