Weekend - Goldman Sachs cut their US economic growth forecastsGoldman Sachs economists now expect the economy to grow 2.4% in 2022 (from 2.6% previously forecast & 1.6% in 2023 (from 2.2% previously) Also revised their jobless rate forecasts: 3.4% for 2022 and to a high of 3.7% in 2023 Remarks from the reports: slowdown in growth should help lower job openings, it is also likely to raise the unemployment rate a bit, particularly since the job openings rate typically only falls when unemployment spikes in recessions optimistic that a sharp rise in the unemployment rate can be avoided For the S&P500 GS (chief equity strategist) targets 4300. eur
Source: Weekend - Goldman Sachs cut their US economic growth forecasts (https://www.forexlive.com/news/weekend-goldman-sachs-cut-their-us-economic-growth-forecasts-20220516/)
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