The Reserve Bank of Australia will release its minutes for its previous monetary policy meeting on Sep 5, where it held rates
Goldman Sachs says the Fed is done hiking even if the dot plot shows differently
The Federal Reserve is done hiking this year, even if the dot plot that's set to release this week shows one more increase, according to Goldman Sachs. "On November, we think that further labor market rebalancing, better news on inflation, and the likely upcoming Q4 growth pothole will convince more participants that the FOMC can forgo a final hike this year, as we think it ultimately will," the firm's chief economist Jan Hatzius wrote on Saturday.
"But we expect the dot plot to show a narrow 10-9 majority still penciling in one more hike, if only to preserve flexibility for now," he added. The dot plot shows where individual members expect to see rates trending over the next several years. The Fed concludes its two-day policy meeting Wednesday.
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