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probability of a rate hike in September: 85%→90%.
Three days ago it was still fluctuating around 70%, but once the CPI data came out on Friday, it skyrocketed.
But what really gave me chills wasn’t this number.
It was Goldman Sachs.
Goldman Sachs changed its stance.
Previous judgment: maintain interest rates unchanged.
Friday’s research report flipped: a 25 basis point hike in September.
Here’s the exact quote from Chief U.S. Economist David Mericle, take a
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