vs Dec 2015
It takes two to tango. Goldmans pushed back their forecast the other way
Citi economist William Lee says
- "compelling" evidence that moderate growth may be sufficient to close the output gap in medium term
- Sept may be most likely time if recent strong flow of economic data
- concerned that a buildup of financial imbalances may manifest in disruptive rate volatility, notwithstanding Fed communications to the contrary
- diminished market-making capacity may not allow the Fed to implement a broad-based gradual and steady rate increase