Goldman Sachs Pushes Second Rate Hike Forecast to December After Soft PCE Inflation Data

image

Goldman Sachs has pushed its forecast for a second Fed rate hike to December after soft August PCE inflation data. The bank also cited New York Fed President John Williams’ comments as the reason for this move, while they ultimately believe that the Fed may deem a second hike this year unnecessary.

app-logo

Know when your
coins move

Alerts, real-time prices, and market news — all in one app


4.8 based on 40K reviews in the App Store and Google Play

Leave a Reply

Your email address will not be published. Required fields are marked *