Goldman Says Fed To Support Stocks; Takes Rate Hike Victory Lap
In the wake of the U.S. Federal Reserve holding interest rates at the historic zero level at its recent meeting last week, Goldman Sachs, the most influential force to lead the charge not to raise rates, took a subtle victory lap and then considered the economic and market impact to come. As if hypnotized, the Fed followed Goldman’s subtle steering The leading advocate within Goldman for a December rate hike, Jan Hatzius and his Economics Research team, were not at all surprised with the Fed’s September 17 announcement and confidently outlined the path the Fed should follow. “The surprises from the September...
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