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

Eren Sengezer FXStreet

"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

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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