Goldman: At Some Point Higher Rates Will Turn From Signalling Growth To Tighter Financial Conditions

As the latest BofA Fund Manager Survey revealed, a growing number of respondents expressed concerns about economic growth amid rising rates and the stronger dollar, and were afraid that the biggest "rail risk", i.e., continued tightening by the Fed into a growth slowdown, i.e. a "policy mistake", could lead to a recession and/or a sharp drop in risk assets.