Goldman Forecasting Two Rate Hikes In 2015

As U.S. economic data has improved heading into a June Federal Open Market Committee meeting of central bankers, “on balance surpassing market expectations since the last FOMC meeting,” a new Goldman Sachs research piece has advice regarding the direction of U.S. interest rates, and it should not surprise many. What might be a surprise is Goldman's expectation that the Fed is going to raise interest rates twice in 2015.

Economic momentum is “surprising” Goldman Sachs, as the free market rate for interest rates is considered

The report, titled “The Stage is Set to be ‘Bearish’ USD Rates in 2015 (2^nd Half),” says that with second quarter gross domestic product growth...