According to Goldman Sachs Group Inc financial markets are vulnerable because nobody can agree on what the Fed will do.
Treasuries rose on Wednesday, recovering from a sell day earlier, when data on retail sales increased speculation the Federal Reserve will raise interest rates this week. Economic data do not support the speculation about higher interest rates, said the CEO of Goldman Sachs Group Inc. Lloyd Blankfein US.
One day before the speech of Blankfein Bank chief economist Jan Hatsius said that there was no consensus, and probably there will be no action this month amid concerns that the markets are not prepared.
"I will not do it unless I am forced," Blankfein said Wednesday on Wall Street Journal. Stopping quantitative easing and higher taxes have acted as a brake on the economy and is a form of tightening, he said.
E.Dimitrov JrTrader
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