Hatzius, chief economist of Goldman Sachs, said U.S. inflation will continue to fall even if trade tariffs are imposed as the U.S. economy is in a "sweet spot."
Goldman says that despite popular belief, gold won't help your portfolio stave off inflation — and neither will bitcoin or other commodities.
Learn how Donald Trump's policies may impact U.S. consumer prices and inflation, and why TIPS could be a good investment choice in this environment.
Goldman’s forecast is for just 0.9 per cent UK GDP growth this year, which is a lot lower than consensus (1.3 per cent), the BoE (1.5 per cent) and the OBR (2 per cent). This is no time to keep policy restrictive, the team says:
“If it’s a little inflationary, but it’s good for national security, so be it. I mean, get over it,” JPMorgan Chase CEO Jamie Dimon told CNBC on Wednesday from the World Economic Forum in Switzerland. “National security trumps a little bit more inflation.”
The central bank’s recent infusion of financial-market brawn includes Beth Hammack, who worked for three decades at Goldman Sachs.
Better bank earnings and inflation readings sent bond and stock prices higher. Earnings and politics will likely have the most significant impact on markets this week.
A relatively benign U.S. reading on consumer price increases triggered a sharp relief rally in stocks and bonds on Wednesday, but traders and investors warn that markets are likely to remain anxious about the pace of inflation.
Goldman Sachs ( GS 6.02%), and Citigroup ( C 6.49%) were all higher by 5% or more for the day. There are two main reasons why these bank stocks are soaring. First, bank stocks kicked off fourth-quarter 2024's earnings season on Wednesday,
Wall Street endured a topsy-turvy December 2024 and a rocky start to the new year, though things are looking much brighter now after this week's rally sparked by inflation data. Equities have been pressured by several reasons,
US stocks jumped on Wednesday after consumer price data showed inflation continues to slow. Strong bank earnings also helped lift sentiment.
The Bank of Mexico could increase the size of cuts to its benchmark interest rate in future meetings as inflation eases in Latin America's second-largest economy, minutes from the central bank's December monetary policy meeting showed on Thursday.