On July 29, "New Fed News Agency" Nick Timiraos said that Goldman Sachs said that since the interest rate futures market is currently pricing in a one-third possibility of the Federal Reserve raising interest rates today, whatever the Federal
On July 29, "New Fed News Agency" Nick Timiraos said that Goldman Sachs said that since the interest rate futures market is currently pricing in a one-third possibility of the Federal Reserve raising interest rates today, whatever the Federal Reserve ultimately decides will be the biggest "surprise" in a non-rate-cutting meeting since 1997. If the Fed raises interest rates, it will be "the biggest meeting-day surprise other than a rate cut since the Fed began issuing statements announcing policy rate changes."