Odds of a Fed rate hike before 2024 not high – Goldman Sachs

Analysts at Goldman Sachs offer their take on the timing of a Fed rate hike lift-off after stating that the FOMC minutes noted that the Committee will "begin to discuss" plans for tapering "in coming meetings."

Key quotes

“The probability that the first hike will come before 2024 is still only modestly above 50%.”

“Our forecasts for both growth and inflation in 2022-2023 are already below the FOMC median.”