6% Or Higher Rates Possible On Hot US Spending: Goldman

What if the world's largest economy refuses to decelerate? That's the $26 trillion question looming large over the monetary policy debate, and not just in the US either. Fed policy echoes and reverberates. If they're forced to ratchet rates ever higher, it won't happen in a vacuum. In a new note, Goldman's Spencer Hill explored three upside growth risks for the economy, and the read-through for the Fed. Although the bank doesn't see a truly compelling case for a marked re-acceleration in manuf