Goldman Sachs strategists Dominic Wilson and Josh Schiffrin stated in a September 17 podcast that the current market pricing of four Federal Reserve rate hikes is overly pessimistic, and they believe this hiking cycle may ultimately see only two increases. The two strategists pointed out that oil price movements are a key variable in determining the rate hike path, and a substantial pullback in oil prices would create a "full-asset rally" trading window before year-end. They believe the bond market has already fully priced in negative factors, with long-end real yields at multi-decade highs, while U.S. equities have shown resilience despite multiple pressures.