Goldman Cuts 2015, 2016 EPS Forecasts On “Diminished Global GDP Growth” Just As Fed Surprises With Hawkish Outlook

It is perhaps the definition of irony that just two hours after the Fed issued a surprising statement that was so bullish on US growth it is as if the past month never happened, as if Williams and Bullard never threatened with QE4 just because the market almost entered a correction, and that made Goldman’s chief economist Jan Hatzius to a express “modest hawkish surprise” that the very same bank, Goldman, whose alum is in charge of the NY Fed (leading to hours of secret tapes exposing the white glove treatment Goldman gets at the Fed), just announced it was cutting its 2015 and 2016 EPS forecasts “diminished global GDP growth and lower crude prices.”
Here is how Goldman’s David Kostin puts it:

This post was published at Zero Hedge on 10/29/2014.