Make Kitco Your Homepage
News Bites

Goldman Sachs Cuts Rate Hike Chances

(Kitco News) - Goldman Sachs has lowered the odds for a U.S. Fed rate hike next week to 25 percent from 40 percent.

However, the bank did raise the odds that the next increase will come at the December meeting to 40 percent from 30 percent previously, Goldmanâ??s Jan Hatzius said in a note.

Goldmanâ??s new forecast comes following Mondayâ??s dovish comments from Fed Governor Lael Brainard, who cautioned about moving too quickly

"The lack of a signal is meaningful because if action were likely, the committee would normally make an effort to nudge the market toward anticipating a hike," Goldman Sachs said in the note.

Brainard, a voting member of the Federal Open Market Committee (FOMC), was the last scheduled Fed speaker before the Sept. 20- 21 meeting.

By Daniela Cambone of Kitco News;



Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
kitco news