Fed might start its rate hike in September – Goldman Sachs

FXStreet (Barcelona) - According to Goldman Sachs, Fed might keep rates near 0% until September 2015.

Key Quotes

“The Fed funds target range is 0%-0.25%. The March FOMC statement removed the Committee’s “patient” forward guidance but contained a dovish shift in the economic assessment. The “dots” moved down more than expected, reflecting a projected level of the Fed funds rate at the end of 2015 most consistent with a September hike.”

“We expect the Fed to keep the funds rate near 0% until September 2015.”