Goldman Sachs Group says there's a chance the Federal Reserve will delay its planned interest-rate increase well into 2016, or even later.
Treasuries fluctuated, after a selloff Monday lifted 10-year yields by the most in two weeks. While a December liftoff is still Goldman Sachs's central forecast, a slowdown in output and employment may justify the Fed keeping the near-zero rate policy for "much longer, well into 2016 or potentially even beyond", Jan Hatzius, the bank's New York-based chief economist, wrote in a note to clients.
