Goldman Sachs: Expect FOMC to Raise Fed Funds Rate 100bp in 2016

A few excerpts from a research piece by Goldman Sachs economists Zach Pandl and Jan Hatzius: The US economy in 2016 is likely to be driven once again by domestic demand-particularly consumer spending. We forecast that GDP will increase by 2.25% Q4/Q4 next year, in line with our latest estimates for 2015. ... Both narrow and broad measures of unemployment have fallen significantly ... The Federal Reserve looks likely to begin raising short-term interest rates next month, seven years after cutting them to zero. ... Based on our economic forecasts, we currently expect the committee to raise the......(read more)

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