NEW YORK Goldman Sachs economists said on Monday they estimated a 35 percent chance the Federal Reserve would raise its target on the federal funds rate at its June 14-15 policy meeting.
They placed a 35 percent probability of a rate hike at the July 26-27 meeting and a 20 percent probability for one at the Sept. 20-21 meeting, they wrote in a research note.
(Reporting by Richard Leong; Editing by Meredith Mazzilli)
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Published Date: May 24, 2016 01:15 AM | Updated Date: May 24, 2016 01:15 AM