Goldman Sachs’ top economist is losing confidence in the Fed’s ability to raise interest rates
|05/16/2017||Posted by BusinessMediaguide.Com under General World News||
Goldman Sachs chief economist Jan Hatzius has become distinctly less confident in his expectation that the Federal Reserve will raise interest rates twice more this year and make a major announcement about reducing its bond holdings.
Hatzius’ skepticism is due to US inflation, which has been undershooting the Fed’s 2% official target for most of this economic recovery, and continues to lag despite constant warnings to the contrary.
“The risk to our near-term funds rate view is now slightly greater, largely because the range of plausible outcomes has widened,” Hatzius and other Goldman economists wrote in a research note.
“We have shaved read more >>>