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Goldman Sachs lowered its forecast FED to increase interest rates this month

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Goldman Sachs retreated from its forecast FED то increase in interest rates this month after surprising weak reports in the services sector and the lack of clear signals from the Federal Reserve Bank.

Analysts lowered its forecast from 55% to 40% this morning. According to them, the Fed deliberately sent strong signals to rise rates at the meeting in Jackson Hole, Wyoming. High expectations were against all expectations, a large percentage of market participants believed weak NFP reports for August ruled out of a rate hike this month. One of the main causes to lower their forecasts were lower data from ISM Non-Manufacturing PMI, which were the lowest since February 2010.


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