Goldman Raises March Rate Hike Odds After January Inflation Spike

For those who said a March rate hike looks increasingly likely after today’s blistering CPI report, which saw inflation printing at the highest in nearly 5 years, you are not alone: moments ago Goldman’s chief economist agreed that the “firm CPI may bring forward next rate increase”, and said “as a result, we have revised up our subjective odds of a rate increase at the March FOMC meeting to 30% (from 20%), and now see it as a close call whether the committee raises rates over the next two meetings or waits until mid-year”

This post was published at Zero Hedge on Feb 15, 2017.

 

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