Goldman's Hatzius Doesn't See an Inverted Yield Curve in 2018
- Hatzius sees yields moving up across maturities next year
- His calm echoes Yellen, who has played down market concerns
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Despite hand-wringing on Wall Street over the prospect of an inverted yield curve next year, Goldman Sachs Chief Economist Jan Hatzius remains unfazed.
If the Federal Reserve raises interest rates by “more than what markets are pricing at the moment, and if markets basically believe that the data justify what they’re doing, then the expected level of short-term rates over the next 10 years is also going to drift somewhat higher,” he said on Bloomberg Television Thursday.