Blankfein Says September Rate Rise ‘Unlikely, But Possible’
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Goldman Sachs Group Inc. Chief Executive Officer Lloyd C. Blankfein said an interest rate increase by the Federal Reserve in September is “unlikely, but possible” as policy makers grapple with a strengthening economy.
The U.S. economic recovery is further along than Europe’s and probably China’s, Blankfein said Wednesday at an event in Johannesburg. If rates increase, it won’t be a source of optimism, although the cause for any tightening would be, he said, adding there haven’t been many signs of inflation.