Goldman Sachs on the probability of a Fed FOMC rate hike before 2024 (not high)

Following up on the post with GS' taper forecast ... not too far off!

• Goldman Sachs on the Fed FOMC minutes - looking for a December taper, maybe even November

Adding in thoughts from analysts at the bank on a Fed rate hike lift-off.

• Goldman Sachs think the probability that the first hike will come before 2024 is still only modestly above 50%
• our forecasts for both growth and inflation in 2022-2023 are already below the FOMC median