Goldman lowers rate hike odds
GOLDMAN Sachs has reduced its expectation that the Federal Reserve will raise interest rates at its September meeting, citing weaker-than-expected economic growth and the lack of clear signals from a senior Fed official on Tuesday.
Goldman now views the Fed as having a 40 percent likelihood of raising interest rates this month, down from 55 percent on Friday, economists at the bank said in a note sent late on Tuesday.
The revision came after data on Tuesday showed that the US economy's service sector expanded in August but at a slower pace than in July, and the fall from the previous month was the largest since the 2008 financial crisis.
“While this is just one indicator, the surprise was meaningful, and there may have been some Fed officials feeling lukewarm on a September hike to begin with. In these circumstances, one large surprise could carry a lot of weight,” Goldman said.
San Francisco Fed President John Williams also gave no new clues that a rate hike is likely this month when he spoke on Tuesday, Goldman said.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.