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Goldman No Longer Sees June Hike

FED
Following today's inflation print, Goldman Sachs has taken taken a June hike out of their expected Fed tightening path, now seeing a final 25bp raise in May to 5-5.25%.
  • They note though that the March CPI report was in line w their expectations and was not the main reason for the change - they also point to incoming data that so far appear to confirm credit tightening in the wake of banking sector uncertainty, and because some Fed officials appear hesitant about even a May hike.

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