Goldman Sachs: The Fed won't hike again in September

Chief economist Jan Hatzius on CNBC

• Goldman shifts expected September hike to December
• Hatzius says June hike is 90% likely
• Jobs are still rising fast enough to keep unemployment stable
• There is a strong belief in the bond market that inflation will be below the Fed's target
• A portion of low inflation is temporary

This is a pretty clear example of how the market is shifting. The feeling is that the Fed will hike but hit the pause button on September unless the data picks up.