Goldman Sachs: The Fed Conference or the biggest policy surprise in nearly 30 years

On 29 July, Nick Timiraos, the Fed's Voicescope, stated that Goldman Sachs had indicated that, since the interest rate futures market currently priced the Fed's interest rate at a rate of one third today, whatever the Fed's final decision, would be the largest “unforeseen” of the non-interest-rate meetings since 1997. If the Fed were to raise interest rates, it would be “the largest meeting day since the Federal Reserve began to announce a change in policy interest rates”。