Goldman Raises March Rate Hike Odds To 95% After Yellen Speech
Following Yellen's speech which did not throw any curve balls to this week's sharply revised, hawkish narrative by her FOMC peers, a March rate hike - according to Goldman - appears to be in the books. In a note moments ago by Goldman's Jan Hatzius, the investment bank said that the bottom line is that "Fed Chair Yellen said today that a rate increase at the March FOMC meeting “would likely be appropriate”, as long as incoming data continue to confirm officials’ outlook.