Over the weekend, Goldman sparked a hawkish frenzy when, in its latest FOMC preview, the bank added to the fuel started by Jamie Dimon who last week predicted "six or seven" rate hikes when it said that while its base case remains at 4 rate hikes and balance sheet runoff starting in July... "recent developments have made us more concerned about the inflation outlook" and as a result there is risk "the FOMC will want to take some tightening action at every meeting" until the surging inflation picture changes. This, Goldman's chief economist Jan Hatzius says, raises the possibility of a hike or an earlier balance ... (full story)