
🚨 LATEST: Goldman Sachs says markets are pricing in too many Fed hikes 👀 Chief economist Jan Hatzius now expects the next move in December. Even that could be skipped if inflation stays soft. His rates view is split. Short-term yields may have more room to fall, while long-end rates could stay elevated 📈 The market is braced for a more aggressive Fed than Goldman thinks is coming. 👉 Translation: One of Wall Street's biggest banks is pushing back on the hawkish pricing. Fewer hikes means less pressure on risk assets like stocks and crypto. But the long end staying high is the catch. Borrowing costs may not ease across the board, even if the Fed stays patient.

