Fed Rate Hike Bets Seen as Overly Aggressive by Goldman Sachs

Goldman Sachs Group Inc.'s chief economist Jan Hatzius believes that markets are being overly aggressive in their bets on Federal Reserve interest-rate hikes. In a client note, Hatzius wrote that a rate increase at the central bank's September meeting is now 'very unlikely' due to softening inflation and economic data.

The investment bank points to disappointing employment numbers and slowing inflation prints as evidence that the Fed may not raise rates as expected.

The note was published on August 17, 2026, at 4:02 AM UTC.