Friday, May 20, 2016

Did Top Bankster at Goldman Sachs Just Give a Thumbs Up to the Fed For a June Rate Hike?

Goldman Sachs Group Inc.’s chairman and chief executive said he sees signs that economic growth is accelerating, evidence that should improve conditions for many of the Wall Street firm’s businesses.

Federal Reserve officials recently indicated that the central bank could raise interest rates sooner than the market expects, and “underlining that is the feeling that the economy is starting to accelerate at a faster rate,” Lloyd Blankfein, Goldman’s chief, said this morning during Goldman’s annual shareholders meeting in Jersey City, N.J.

“We see the same things they must be seeing,” Blankfein said.

Yet another nail in the coffin of the Austrian-lites who adamantly proclaimed that the Fed would have to reverse the December rate hike.

The next scheduled Federal Reserve monetary policy meeting is scheduled for June 14-15.


(via Market Watch)

No comments:

Post a Comment