Live Updates > Live Update Details
2026-02-17 13:35:55
Goldman Sachs: Global Economic Growth to Exceed Expectations, Predicts Rate Cuts in June and September Under Warsh's Leadership. Goldman Sachs Chief Economist Jan Hatzius stated in a report that global economic growth is expected to exceed consensus expectations, driven by the waning effects of tariffs, fiscal support, and accommodative financial conditions. He anticipates inflation in most economies will be closer to target levels, reflecting the weakening effects of tariffs and administrative pricing, as well as slower wage and rent growth. While Goldman Sachs acknowledges significant job losses in the tech sector in recent months, it does not foresee an AI-driven job market disaster. US economic indicators are encouraging, with the core consumer price index, adjusted for housing factors, reaching a post-pandemic low of 2.6% in January. Goldman Sachs expects the Federal Reserve to maintain interest rates for the remainder of current Chairman Powell's term, but anticipates 25 basis point rate cuts in June and September under a committee led by Fed Chair nominee Kevin Warsh.
