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Goldman Sachs: Fed to delay lift-off till 2016 – Investec

FXStreet (Delhi) – Research Team at Investec, note that that the Goldman Sachs New-York based chief economist now says there’s a chance the Fed will delay its planned interest rate increase well into 2016, or even later, despite holding a December lift off as their central forecast.

Key Quotes

“He cites that a slowdown in output and employment may justify rates low for longer. Fed officials including Chair Janet Yellen and voter William Dudley still retain they expect to raise rates in 2015, although markets are now pricing chances of an October hike at 8%, while former PIMCO chief Mohamed El-Erian yesterday called December a 50/50 bet.”

“Kansas City Fed President Esther George and San Francisco Fed President John Williams are due to speak later today.”

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