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Goldman sees 35 pct chance on U.S. rate hike in June

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Reuters NEW YORK

NEW YORK (Reuters) - Goldman Sachs economists said on Monday they estimated a 35 percent chance the Federal Reserve would raise its target on the federal funds rate at its June 14-15 policy meeting.

They placed a 35 percent probability of a rate hike at the July 26-27 meeting and a 20 percent probability for one at the Sept. 20-21 meeting, they wrote in a research note.

(Reporting by Richard Leong; Editing by Meredith Mazzilli)

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First Published: May 23 2016 | 10:36 PM IST

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