Goldman Sachs: The market's bets on the Federal Reserve's policy are still too hawkish, and the likelihood of a rate hike in September is "very small."

According to Zhitong Finance APP, Goldman Sachs stated that in light of the cooling inflation in the world's largest economy, the market's bets on interest rate hikes by the Federal Reserve remain overly aggressive. Goldman Sachs Chief Economist Jan Hatzius wrote in a client report that the likelihood of the Federal Reserve raising interest rates at its September meeting is very small due to weak U.S. retail sales data, disappointing employment figures, and slowing inflation data.