Goldman Sachs gives new odds for Fed interest rate hike

September 7, 2016 12:46 PM

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Goldman Sachs gives new odds for Fed interest rate hike

Goldman Sachs economists stepped back from their bold call for a Fed rate hike this month after a surprisingly weak report on the service sector and a lack of clear signals from Fed officials.

The economists lowered the odds Wednesday morning for a September rate hike to 40 percent from 55 percent — the latter a call they made Friday even after the tepid August jobs report convinced many that the Fed was not likely to move soon.

Also read: YELLEN: The Fed is close to its goals and expects to hike rates 'a few' times this year

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