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Fed likely to hike in September but there are good reasons to delay: Goldman Sachs
WASHINGTON (MarketWatch) — Goldman Sachs chief economist Jan Hatzius said Tuesday that he is sticking with his forecast that the Federal Reserve will raise interest rates in September although he said there are “persuasive” reasons for the U.S. central bank to wait until 2016.
“Our forecast remains that the Fed policy committee will hike rates at the September meeting, but ...this remains a close call,” Hatzius said in a note to clients.
“There is a strong risk management case for delaying liftoff,” he said.
Most importantly, there is a considerable amount of uncertainty around the outlook for the economy and the health of the labor market, Hatzius said.
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