Jan Hatzius To Fed: Raise Interest Rates

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.