Analysts at Goldman Sachs stick to their view of a 50 basis points September rate hike by the Fed, despite Friday’s strong US Nonfarm Payrolls and wage growth data.
Key quotes
“The overall message is that wage growth is going sideways at a rate that is probably a couple of percentage points stronger than what would be compatible with achieving 2 per cent inflation”
“The Fed has even further to go than we thought before today.”
“Maintain projection for a 50bp rate hike at the September 20-21 FOMC.”
