Goldman Sachs Predicts Rate Hike In 2015 Amid Lower Unemployment

Now watching

Next video starts in : 7 Play

Goldman Sachs Predicts Rate Hike In 2015 Amid Lower Unemployment

Goldman Sachs Predicts Rate Hike In 2015 Amid Lower Unemployment
Replay video
Up next

Watch a Sneak Peek of Community Episode 4

Unlock your personal NFL Now stream by signing in to NFL.com

Goldman Sachs Predicts Rate Hike In 2015 Amid Lower Unemployment

by TheStreet.com Videos 0:59 mins

Goldman Sachs Predicts Rate Hike In 2015 Amid Lower Unemployment

by TheStreet.com Videos 0:59 mins

The U.S. added 288,000 jobs in June. The number was better than expected, prompting Goldman Sachs to project a sooner than anticipated interest rate hike -- possibly as early as summer 2015. Most have assumed the first rate hike wouldn't hit until 2016. Federal Reserve officials repeatedly said they will make sure the rates stay near zero until, first and foremost, there is substantial improvement in the country's employment situation. Goldman Sachs Chief Economist Jan Hatzius said the tipping point is near. He said, "The acceleration is most visible in the labor market. The inflation numbers have also surprised on the upside over the past few months." Yield on U.S. treasury rose across the board in the past few days. 5-year yield reached the highest level since April and the 10-year yield rose above 2.60.

Must Watch

Must Watch

  1. 0:29

    Watch a Sneak Peek of Community Episode 4

  2. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  3. 22:03

    Sin City Saints Episode 1: The Fool Monty

  4. 4:04

    The Secrets of Mad Men's Many Elevator Scenes

  5. 5:06

    The Rock Obama Cold Open

Community

  1. 27:26

    Community Episode 1: Ladders

  2. 27:26

    Community Episode 2: Lawnmower Maintenance and Postnatal Care

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. 0:29

    Watch a Sneak Peek of Community Episode 4

  5. 2:01

    Sin City Saints: Official Trailer