[Goldman Sachs Delays Fed Rate Hike Expectation from October to December] Goldman Sachs Group stated that Wednesday's U.S. inflation data, combined with remarks made yesterday by New York Fed President John Williams, now lead them to believe that a Fed rate hike in October is unlikely. Economists Jan Hatzius, David Mericle, and Alec Phillips noted in a research report that based on the latest inflation report, the fourth-quarter core PCE year-over-year growth rate is expected to be 3.0%, significantly lower than the FOMC participants' median forecast of 3.4%. As a result, the bank has postponed its expectation for the second rate hike to December and believes there is a high likelihood that the FOMC will ultimately determine that further rate hikes are unnecessary. (Cailian Press)