Goldman Sachs is predicting a 75 basis points tightening of monetary policy in the US over the next ...
Goldman Sachs is predicting a 75 basis points tightening of monetary policy in the US over the next three quarters, assuming three 25 basis point moves in June, August and September. Although the group does not see a compelling reason for Fed officials to tighten policy this year, it notes the Fed uses a different template as its guide in contemplating monetary policy changes. Bill Dudley, an economist with Goldman Sachs, says: 'The idea that seems to have gained some currency at the Fed is the need to take back some of the 'insurance' easings taken out post September 11 now that th...
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