GOLDMAN, JPMORGAN NOW EXPECT FED TO Hike THIS WEEK Goldman Sachs and JPMorgan have shifted to expecting a 25 bp Fed hike at the September m…
GOLDMAN, JPMORGAN NOW EXPECT FED TO Hike THIS WEEK
Goldman Sachs and JPMorgan have shifted to expecting a 25 bp Fed hike at the September meeting after hotter August inflation and the renewed oil surge. Markets are pricing roughly an 87 % probability of a hike, according to Reuters.
JPMorgan also expects another increase in December.
Market angle: the narrative has moved decisively from “will the Fed hike?” toward the size and persistence of the renewed tightening cycle.