Goldman Changes Mind, Now Interest Rates Rising In December

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.” The December liftoff date correlates Goldman’s forecast with what they think the FOMC will do with “what the FOMC should do, in light of risk management considerations,” a Wednesday research piece, “December Liftoff,” instructed. Goldman logic: Wait…