Goldman pivots, now forecasts Fed rate hike in October
The Fed is likely to raise rates by 25 basis points in October, Goldman said, drawing attention to Fed's own hawkish near term rate projections.
Source: CoinDesk
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DW NOTE
Goldman changed its October call after the Fed raised Wednesday and Warsh said inflation is "too high" and policy "still not restrictive enough." That's a clear signal with oil supply down 6% and CPI at 3.4%. The real tell: only 50% odds priced for October despite the Fed's own projections showing another hike this year.