Treasuries are having their best start to a year since 2010 as investors from Jeffrey Gundlach to Goldman Sachs Group Inc. say the Federal Reserve will keep its benchmark interest rate at almost zero into 2016.
Goldman Sachs Group Inc. Chief Economist Jan Hatzius and Bank of England Governor Mark Carney are among those challenging former U.S. Treasury Secretary Lawrence Summers’s warning about a “secular stagnation.”
The U.S. Federal Reserve won’t make major policy changes regardless of who leads the central bank after Chairman Ben Bernanke’s term ends in January, said Jan Hatzius, Goldman Sachs Group Inc.’s chief economist.
Federal Reserve projections for where the federal funds rate will be in 2016 are a central piece of information being released in conjunction with the policy- maker meeting ending today, said Goldman Sachs Group Inc. chief economist Jan Hatzius.
The unemployment rate in the U.S. will probably fail to drop below 9 percent in 2011, said Jan Hatzius , chief U.S. economist at Goldman Sachs Group Inc., and Ethan Harris , head of developed-markets economic research at Bank of America Merrill Lynch.