Goldman Sachs: Chances of a third rate hike before year-end is at 55% - Bloomberg

"Goldman Sachs now sees 55% chance, vs 60% previously, of a third Fed rate hike before year-end after the fifth straight miss in core CPI, economics led by Jan Hatzius write in a note," Bloomberg reported.

Key takeaways:

  • Odds of next hike occurring in September or November at less than 5%
  • Overall CPI report was clearly disappointing despite some encouraging details

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