Goldman Sachs Group Inc analysts on Sunday downgraded their second-quarter econo...
FILE PHOTO: Containers await departure as crews load and unload consumer products at the Port of New Orleans along the Mississippi River in New Orleans, Louisiana June 23, 2010. REUTERS/Sean Gardner/File Photo
NEW YORK - Goldman Sachs Group Inc analysts on Sunday downgraded their second-quarter economic growth forecasts for the United States because of risks stemming from trade conflicts with Mexico and China. The analysts also said they saw a rising probability of the U.S. Federal Reserve cutting rates but not enough of a chance to pencil such a cut into its baseline forecast. Their second-quarter gross domestic product growth forecast is now 1.1%, down from 1.3% little more than a week ago.
“With the scale and scope of the trade war increasing further over the last week, we revised our inflation and growth forecasts, and adjusted our Fed probabilities,” the analysts said in a research note. “Because of the downside risks to growth, we have sharply raised our subjective probabilities for Fed rate cuts. But while it is a close call, the outlook has not yet changed enough for cuts to become our baseline forecast.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Goldman Sachs names executives in Asia, New York to top committeeGoldman Sachs Group Inc named three new executives to its management committee, ...
Consulte Mais informação »
Goldman Sachs building digital wealth management tool: executiveGoldman Sachs Group Inc Chief Operating Officer John Waldron said on Friday that...
Consulte Mais informação »
Opinion | Would You Like Guilt With Your Latte?Opinion: Starbucks is eliminating plastic straws. Goldman Sachs is banishing paper cups. But there’s scant evidence that these gestures benefit customers, shareholders, employees or the environment.
Consulte Mais informação »
Oil mixed as OPEC cuts, U.S. sanctions prop up prices while trade war weighsOil prices were mixed on Tuesday as supply cuts, led by producer club OPEC, and ...
Consulte Mais informação »
Fed Would Consider Interest-Rate Cuts if Growth Outlook DarkensFederal Reserve Vice Chairman Richard Clarida said the U.S. economy remains “in a very good place” but indicated the central bank would consider interest-rate cuts if economic data revealed a risk of a sharper slowdown than officials expect.
Consulte Mais informação »
Dow futures slightly higher amid escalating trade war concernsMarket focus is largely attuned to global trade developments, after a senior Chinese diplomat ramped up the rhetoric against the U.S. amid a bitter trade war.
Consulte Mais informação »
Trade Fight, Curbs on Huawei Threaten 5G Growth in U.S.The Trump administration’s offensives aimed at frustrating the 5G ambitions of China and mobile-technology giant Huawei threaten to impede America’s wireless ambitions, too.
Consulte Mais informação »
Strategists see Wall Street moving higher despite trade war risks: Reuters pollU.S. stocks will build on this year's already strong gains over the rest of...
Consulte Mais informação »
Dollar hovers close to two-year peak on trade-war, growth worriesThe dollar held steady against its key rivals on Thursday as escalating Sino-U.S...
Consulte Mais informação »
Mortgage rates slide below 4% as the trade war buffets marketsRates for home loans fell again, taking the most popular loan product below a psychological threshold, but Americans’ confidence may be too fragile to take...
Consulte Mais informação »