Goldman Sachs: The Fed will not raise interest rates in September, and market prices will remain biased against eagles

On 17 August, Jan Hatzius, Chief Economist of Goldman Sachs, updated his judgment that the September Fed's interest rate hike was “extremely impossible”. The three-line resonance between a cooling of consumption, near-stagnating employment trends and a steady improvement in inflation is fundamentally breaking the cause of interest rate hikes. Market interest rates are still priced in favour of eagles, and the space for downward adjustment remains. Goldman Sachs maintained a steep yield curve and a high judgement that US equity would continue to innovate before the end of the year. For Europe, the ECB raised interest rates by 25 basis points in September, but the next step is more likely to be lower. "The New Wave"