Analysts at Goldman Sachs stick to their view of a 50 basis points September rate hike by the Fed, despite Friday’s strong US Nonfarm Payrolls and wage growth data.
“The overall message is that wage growth is going sideways at a rate that is probably a couple of percentage points stronger than what would be compatible with achieving 2 per cent inflation”
“The Fed has even further to go than we thought before today.”
“Maintain projection for a 50bp rate hike at the September 20-21 FOMC.”
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