A piece from Goldman Sachs economists Zach Pandl and Jan Hatzius:
- Federal Reserve looks likely to begin raising short-term interest rates in December
- Based on our economic forecasts, we currently expect the FOMC to raise the funds rate by 100bp next year
- One hike per quarter
- We see the risks to this forecasts as skewed to the downside at the moment
For economic growth in 2016:
- US economy likely to be driven by domestic demand ... in particular consumer spending
- Forecast GDP will increase by 2.25% Q4/Q4 next year
- Narrow and broad measures of unemployment have fallen significantly
