Jan Hatzius To Fed: Raise Interest RatesMark Melin
Get ready for the U.S. Federal Reserve to raise interest rates like in waves to come.
Jan Hatzius, Goldman Sach’s economic savant, dusts off what has been a very accurate rate hike prediction crystal ball and makes a statement similar to “we were right from the start,” and waving a magical staff declares the time for the Fed to raise interest rates is upon us. There will be three rate hikes in 2016, he wrote in an April 4 report titled “What Doesn’t Kill You,” noting that the Goldman view has not changed despite the emotional panic surrounding the early 2016 stock market sell-off. Let the seas part and the interest rate hikes commence, its just that someone needs to tell market participants -- which Hatzius says don't get it just yet.
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