Goldman Sachs is betting the Fed won’t hike rates in September, citing cooling inflation, softer jobs, and sluggish retail—signals that cautious policymakers are unlikely to act. Chief economist Jan Hatzius says future hikes may now be delayed until January, as market expectations have shifted after recent underwhelming data. Meanwhile, Treasury yields are steepening amid growing concerns over U.S. finances, even as Goldman’s own profits soar—thanks to booming equities trading and investment banking fees.
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