Friday, September 2, 2016

When All Else Fails

Has the Fed exhausted their ability to go on to a major broadcasting channel and "claim" rate hikes are right around the corner?

Well, when all else fails, roll out Goldman. Remember, they were calling for $800 gold last year.

From Zerohedge:

Goldman Says Weak Payrolls "Just Enough For September Hike", Raises Odds From 40% To 55%

Growth in nonfarm payrolls was weaker than consensus estimates at +151k, but above the pace Fed officials typically consider sufficient to hold the unemployment rate steady over time—the so called “breakeven rate”. We therefore see this report as just enough for a large majority of officials to support a September rate increase. We have therefore raised our subjective odds of a hike this month to 55% from 40%.

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