Confused if the Fed will hike rates in September, or December, or never? Don’t worry, the Fed is just as confused, at least until NY Fed’s Bill Dudley has his biweekly meeting with Goldman’s chief economist Jan Hatzius at the Pound & Pence, where over a lobster club, the current Goldmanite tells the former Goldmanite what to do. Which, if the most recent note just released by Goldman is any indication, means that the Fed will sorely disappoint all the “Septemberists”, as Janet Yellen will opt for a December rate hike instead.
From Goldman: