Goldman Sachs expecting a June Fed rate hike

Goldman Sachs has updated their expectations for the Fed's rate meeting in June, and are now anticipating an all-but-sure rate hike from the US Fed.

Key highlights:

GS expect a Fed rate hike in June.

GS' probability says an 85 percent chance of June hike.

Based on more hawkish FOMC minutes released Wednesday.

Fed has upgraded their outlook on the US economy despite headwinds.