Major bank: Interest rate hike in November or earlier
The bank is Goldman Sachs, and it is hard to argue against. The bank notes that the headline monthly CPI rose 1.0% month over month, with year-over-year growth dropping 30 basis points to 3.5% yoy, above both our and market estimates (GSe: +3.1% yoy; BBG: +3.3% yoy). Worse, the ABS monthly trimmed mean measure grew The post Major bank: Interest rate hike in November or earlier appeared first on…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
