Goldman Wonders If Fed Will Allow High Pressure Economy?

With a US Federal Reserve rate generally received an initial yawn from the stock market Wednesday, there is a discussion regarding the US Federal Reserve potentially allowing the economy to “run hot,” moving towards a high pressure economy with the inflation target near 3%. As a December 7 Goldman Sachs “Top of Mind” global macro research report points out, we are in a reflation market environment, the issue is to what degree does the trend play out? A big question regarding Fed Chair Janet Yellen being on board was made clearer Wednesday. US interest rates rocket higher after FOMC announcement…