(Bloomberg) -- Goldman Sachs Group Inc. became the
latest Wall Street firm to capitulate and drop its forecast for
the Federal Reserve to lower borrowing costs this year.
``Mmhhh, crow,'' Jan Hatzius, chief U.S. economist, started
off a note to clients today explaining why New York-based Goldman
now expects the central bank to keep its target rate at 5.25
percent. Hatzius cited a resilient labor market and a
reacceleration of growth in the industrial sector of the economy.
Read more at Bloomberg Bonds News
latest Wall Street firm to capitulate and drop its forecast for
the Federal Reserve to lower borrowing costs this year.
``Mmhhh, crow,'' Jan Hatzius, chief U.S. economist, started
off a note to clients today explaining why New York-based Goldman
now expects the central bank to keep its target rate at 5.25
percent. Hatzius cited a resilient labor market and a
reacceleration of growth in the industrial sector of the economy.
Read more at Bloomberg Bonds News
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