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Goldman Sachs Slashes 2025 US Growth Forecast As Tariff Risks Become 'Considerably More Adverse'
Tuesday, March 11, 2025 - 10:41am | 736Goldman Sachs has downgraded its 2025 U.S. economic growth forecast, warning that trade policies are becoming "considerably more adverse" and that the administration is managing expectations for near-term weakness driven by tariffs. In a note shared Tuesday, Goldman's chief economist Jan Hatzius...
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Wall Street Ramps Up Interest Rate Cut Bets After Fed Meeting: 'The Hard-Landing Crowd Should Disperse,' Economist Says
Thursday, September 19, 2024 - 9:12am | 564Wall Street analysts are increasing their expectations for further interest rate cuts following the Federal Open Market Committee’s decision to slash rates by a substantial 50 basis points on Wednesday. Even Fed Chair Jerome Powell‘s cautious remarks, which initially rattled the...
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Goldman Sachs Cuts US Recession Odds To 20%, Reverses Earlier Increase As Economic Data Improves
Monday, August 19, 2024 - 8:59am | 566Goldman Sachs has revised its U.S. recession forecast, reducing the probability of a recession within the next 12 months to 20%. This revision comes just two weeks after the investment bank increased the odds from 15% to 25% following a weaker-than-expected July jobs report. In a note authored by...
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US Economy Primed For 2024 Rebound: Goldman Sachs Envisions S&P 500, Bond Surge As Inflation Pressure Eases
Wednesday, November 8, 2023 - 6:04pm | 550Typically, the last mile is often the most challenging when striving for significant rewards. However, for the U.S. economy grappling with inflation, the most challenging phase might already be behind us. The rosy picture comes from Goldman Sachs’ Macro Outlook 2024, led by a team of...
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Rising Above Recession: Goldman Sachs Anticipates July Rate Hike, Risk Assets Poised To Scale Wall Of Worry
Tuesday, June 6, 2023 - 8:55am | 529Goldman Sachs (NYSE: GS) has revised its estimate about the U.S. economy's chance of entering a recession over the next 12 months. The investment bank has reduced its judging probability from 35% to 25%, stating two major reasons for this change. Jan Hatzius, Goldman Sachs' chief...
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US T-Bill Yields Surge As Debt-Ceiling Concerns Fuel Investor Anxiety, Default Insurance Costs Reach 2009 Highs
Tuesday, May 2, 2023 - 8:58am | 533U.S. Treasury bills, also considered the world's safest asset, are having a deeply negative trading session on Tuesday, May 2, as the yield on the three-month T-Bill skyrocketed 18 basis points to 5.23% amid growing concerns that the U.S. government will run ...
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The Federal Reserve Won't Cut Rates In 2023 Because There Won't Be A Recession, Says Goldman Sachs Chief Economist
Thursday, December 22, 2022 - 2:32pm | 607Goldman Sachs Group Inc (NYSE: GS) doesn't expect the Federal Reserve to lower rates anytime soon due to expectations for a healthier economy than most anticipate. "We're not looking for cuts because we're not looking for a recession," Goldman Sachs chief...
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Big Tech Layoffs Are Big News, But Not For The Overall Labor Market — Here's What New Data Is Showing
Tuesday, November 22, 2022 - 11:57am | 1327Tech companies have recently been announcing massive and unprecedented waves of layoffs — sometimes by the tens of thousands. Here's the latest: Since Elon Musk took the helm at Twitter, about half the company’s workforce was laid off. Twitter founder Jack Dorsey took part of...
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The Market Is Pricing In Back-To-Back 0.75% Interest Rate Hikes: What Investors Need To Know
Tuesday, June 14, 2022 - 2:15pm | 563The U.S. Federal Reserve raised its target Fed funds rate by 0.5% in May, its first interest rate hike of that size in more than 20 years. With this week's Federal Open Market Committee meeting just around the quarter, the bond market is now anticipating the Fed will ramp up its tightening even...
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Goldman Lowers S&P 500 Forecast, Cuts Year-End Target To 4,900
Saturday, February 12, 2022 - 4:08pm | 273Goldman Sachs Group Inc. (NYSE: GS) strategists have lowered their S&P 500 forecast for this year. They have cut their year-end target for the S&P 500 benchmark index to 4,900 points, down from 5,100 points previously. According to Goldman, the 4,900 target implies full-year...
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Goldman Sachs Now Expects 5 Rate Hikes From The Fed In 2022
Saturday, January 29, 2022 - 2:52pm | 394Goldman Sachs Group Inc’s (NYSE: GS) economists led by Jan Hatzius have predicted that the Federal Reserve will raise interest rates by 25 basis points five times this year, rather than the four rate hikes previously prognosticated. That would take the benchmark to 1.25%-1.5% by the end...
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Reduced Consumer Spending Leads Goldman Sachs To Cut Forecast For US Growth
Sunday, October 10, 2021 - 4:04pm | 330In a report released on Sunday, economists at Goldman Sachs Group Inc (NYSE: GS) say they expect a slower pace of growth for the U.S. economy due to a slower than anticipated recovery in consumer spending. What Happened: The report issued by a Goldman team, led by Jan Hatzius, says the...
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7 Wall Street Firms Interpret Yellen's Jackson Hole Speech
Monday, August 29, 2016 - 2:30pm | 564The S&P 500 showed very little reaction on Monday to Janet Yellen’s policy speech last week at Jackson Hole. A number of Wall Street firms have weighed in on the speech and what it means for investors. Here’s a look at what seven analysts had to say. Related Link: Here's How...
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Goldman Sees The Fed's September Actions Dependent On This Week's Jobs Report
Monday, August 29, 2016 - 8:43am | 242Remarks made by Fed Chairman Janet Yellen at the Jackson Hole conference have increased the probability of a rate hike being announced at the September FOMC meeting, Goldman Sachs’ Jan Hatzius said in a report. He added, however, that any action would depend on the August jobs report. Fed...
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History Shows Fed Tightening Will Likely Lead To U.S. Recession
Thursday, May 12, 2016 - 1:46pm | 280In December, the Federal Reserve finally began its first interest rate tightening cycle since the Great Recession. With the timing of the next rate hike now a hot topic of debate among traders, Goldman Sachs analyst Jan Hatzius took a look back at past tightening cycles and how often they resulted...