Goldman Turns Less Confident On June, September Rate Hikes
Following disappointing CPI prints for two months in a row, even such stalwart believers in the Fed's tightening cycle as Goldman Sachs (recall Hatzius warned recently that the Fed may need to "shock" markets to tighten monetary conditions in light of the S&P relentless grind higher despite rising rates) are suggesting that the Fed's rate hike trajectory for the rest of 2017 is suddenly in question.