Goldman Rebuts Fed's Fischer, Reiterates December Rate Liftoff But Ignores Key Political Point

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Mark Melin
Published on
Updated on
Interest Rates Liftoff

“We’re Still Decembrists,” Goldman Sachs analyst Jan Hatzius proclaimed in a research note released Monday morning. In his analysis Hatzius predictably discussed economic indicators and took on strong statements from Federal Reserve Vice Chair Stanley Fischer earlier in the morning. But is what Hatzius didn’t discuss the most compelling reason for raising rates in September? That reason is Bernie Sanders on the left and Donald Trump on the right. Goldman: Economy is at “above trend pace,” but hourly wages still lag While the noted Goldman economic analyst conceded the economy is persistently marching towards growth “at a steady above trend…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.