Soft data behind the call
The investment bank's view rests on recent economic readings that have come in below forecasts. With growth and inflation signals cooling, Goldman sees little justification for the central bank to tighten again when policymakers meet next month. The "very unlikely" phrasing is notable — it's a stronger statement than the typical "we don't expect" from a major bank, and it suggests the firm is confident in its read.
The assessment arrives as investors have been wrestling with the question of whether the Fed will resume its rate-hiking campaign. While some officials have kept the door open for another move, the latest data has pointed the other way. Goldman's stance effectively takes a September hike off
