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Goldman now sees U.S. Fed announcement on balance sheet in September
June 2, 2017 / 4:52 PM / 4 months ago

Goldman now sees U.S. Fed announcement on balance sheet in September

The logo of Goldman Sachs is displayed in their office located in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo

NEW YORK (Reuters) - Goldman Sachs economists said on Friday they now expect the U.S. Federal Reserve to announce a plan to shrink its $4.5 trillion balance sheet at its September policy meeting, earlier than their prior view for such a move in December.

They changed their forecast on a third U.S. rate increase in 2017 to occur in December from September, while they raised their estimate on a possible rate hike later this month to 90 percent from 80 percent.

Reporting by Richard Leong

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