Goldman Warns Markets Unprepared for Fed as Treasuries Seesaw
- Blankfein says data don't support the case for higher rates
- U.S. government securities rise Thursday to snap two-day loss
The Wait is Nearly Over: Will the Fed Hike Rates?
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Goldman Sachs Group Inc. says financial markets are vulnerable because nobody can agree on what the Federal Reserve will do. Treasuries fluctuated.
Benchmark Treasury 10-year notes rose in Asia, snapping a two-day loss, as traders discuss whether the Fed will raise interest rates after a meeting Thursday. Goldman Sachs Chief Executive Officer Lloyd Blankfein said U.S. economic data don’t support the case for higher borrowing costs. A day earlier, Jan Hatzius, the bank’s chief economist, said there’s a lack of consensus about what the Fed will do, which means markets may not be prepared for a move this week.