Commentary With the Federal Reserve rapidly scaling back its large-scale asset purchase program, or quantitative easing, and likely to indicate a faster tightening cycle at the next Federal Open Market Committee meeting at the end of the month, investors are celebrating by continuing to funnel money into risk assets. As the fiscal spigots go dry,…
Goldman Sachs Lowers US Growth Forecast Amid COVID-19 Delta Variant And Fading Fiscal Support
September 7, 2021
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Business & EconomyCOVID-19Economieseconomyfiscal stimulusGoldman Sachssupply chainU.S. economyUSUS News
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Economists atĀ Goldman Sachs Group Inc. have lowered their forecast for growth in the U.S. economy this year for a second time, citing the COVID-19 Delta variant and dwindling fiscal support and pointing to a “harder path” ahead for the American consumer than previously anticipated. In a report to clients on Monday, economist Ronnie Walker wrote…
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