Goldman Sachs say June FOMC meeting too soon for a hint on QE taper
Goldman Sachs says its too early for the Federal Open Market Committee to begin the "taper clock" in their preview.
From the GS note:
- We do not expect Chair Powell to deliver the first hint at tapering in June.
- Powell likely agrees with Governor Brainard and President Williams that the labor market has not yet come far enough.
- We continue to expect the first hint in August or September.
The FOMC meet June 15 and this week.