BFW 10/06 02:30 *FED WILL PROBABLY RAISE RATES IN 3Q, GOLDMAN’S HATZIUS SAYS
BN 10/06 02:30 *FED WILL KEEP 'CONSIDERABLE TIME' IN OCT STATEMENT: HATZIUS
BN 10/06 02:30 *FED WILL PROBABLY RAISE RATES IN 3Q, GOLDMAN'S HATZIUS SAYS
BN 10/06 02:30 *FED WILL KEEP 'CONSIDERABLE TIME' IN OCT STATEMENT: HATZIUS
BN 10/06 02:30 *FED WILL PROBABLY RAISE RATES IN 3Q, GOLDMAN'S HATZIUS SAYS
Fed Will Probably Raise Rates in 3Q, Goldman’s Hatzius Says
2014-10-06 02:57:14.221 GMT
By Wes Goodman
Oct. 6 (Bloomberg) -- The Fed will hold rates because labor
market slack is large, wage growth is accelerating slowly and
price inflation continues to undershoot the central bank’s
forecast, Goldman Sachs Chief Economist Jan Hatzius says in
report dated yday.
* If the Fed raises rates too late and inflation moves
modestly
above the 2% target, little is lost. But if the committee hikes
too early and has to reverse course, the consequences are
potentially more serious: Hatzius
* Growth risks strengthen the case for patience. Goldman
recently cut 2015 forecasts for China, Germany and Italy and
noted weakness in Japan, report says
Link to Company News:{GS US <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
Wes Goodman in Singapore at +65-6212-1568 or
wgoodman@bloomberg.net
To contact the editor responsible for this story:
Pavel Alpeyev at +81-3-3201-2137 or
palpeyev@bloomberg.net
2014-10-06 02:57:14.221 GMT
By Wes Goodman
Oct. 6 (Bloomberg) -- The Fed will hold rates because labor
market slack is large, wage growth is accelerating slowly and
price inflation continues to undershoot the central bank’s
forecast, Goldman Sachs Chief Economist Jan Hatzius says in
report dated yday.
* If the Fed raises rates too late and inflation moves
modestly
above the 2% target, little is lost. But if the committee hikes
too early and has to reverse course, the consequences are
potentially more serious: Hatzius
* Growth risks strengthen the case for patience. Goldman
recently cut 2015 forecasts for China, Germany and Italy and
noted weakness in Japan, report says
Link to Company News:{GS US <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
Wes Goodman in Singapore at +65-6212-1568 or
wgoodman@bloomberg.net
To contact the editor responsible for this story:
Pavel Alpeyev at +81-3-3201-2137 or
palpeyev@bloomberg.net