Goldman Changes Mind, Now Interest Rates Rising In DecemberMark Melin
Arguably the world’s most influential investment bank has changed its mind, as is its prerogative. The U.S. Federal Reserve should not raise interest rates in September, as Goldman Sachs had previously said, nor will there be two rate hikes in 2015. Goldman’s Jan Hatzius and Zach Pandl said they think “a December liftoff date is both more likely and better policy than September . . .
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