First JPM, and now Goldman has fallen in line and following the unexpected reversal from WSJ Fed-whisperer, Nick Timiraos, the vampire squid not only also expects the Fed to hike 75bps on Wednesday, but warns that by doing so the Fed "risks" sparking a recession, which of course is not a risk but is precisely what the Fed is aiming at at this point because as we explained yesterday, the deterioration in the labor force absent a recession would be too slow to resolve the inflation problem in the near term. Goldman's Jan Hatzius, who hardly enjoys being upstaged by a Millennial Hilsenrath-wannabe reporter, first ... (full story)