Trump, Goldman Sachs and Inflation
Digest more
Top News
Impacts
UPI |
The firm estimated the collective impact of Trump's immigration, fiscal and tariff policies will subtract about 1.2% from gross domestic product growth over the next year.
Yahoo |
This strategy brought with it the discipline of international markets. Companies had to produce high-quality goods at globally competitive prices or exit the market.
Read more on News Digest
Trump, tariff
Digest more
Top News
Overview
Impacts
New York Post |
Goldman Sachs economists raised their forecast on how many times the Federal Reserve will cut interest rate this year to three instead of two as concerns mount that President Trump’s tariffs will hamp...
Reuters |
Trump imposed heftier tariffs than investors expected on Wednesday, announcing a 10% baseline tariff on all imports, including 34% on China and 20% on the European Union, bringing the overall U.S. ta...
Reuters |
President Donald Trump's punishing tariffs rocked global financial markets on Thursday, with the dollar and U.S. stocks tumbling as investors rushed to safe havens on fears a broadening trade war woul...
Read more on News Digest
Blankfein urged Trump to delay imposition of reciprocal tariffs by six months in order to give countries time to negotiate better trade deals with the United States.
David Solomon pointed to the country's 'huge, diverse, powerful economic engine' that can withstand shocks better than 50 years ago.
United States President Donald Trump has imposed tariffs on more than 180 countries. Several brokerage firms have hinted that if the US administration continues its levies then it could lead to a US r
Shares of Goldman Sachs (NYSE: GS) tumbled on Thursday. The investment banking giant's stock lost 9.3% as of market close and was down as much as 9.5% earlier in the day. The decline comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) had their worst day in years.
5don MSN
Goldman Sachs expects aggressive duties from the White House to raise inflation and unemployment and drag economic growth to a near-standstill. In a note Sunday, the firm said "we continue to believe the risk from April 2 tariffs is greater than many market participants have previously assumed.
Goldman Sachs cut its 12-month forecast for Europe's benchmark STOXX 600 index, citing the potential impact of U.S. President Donald Trump's tariff plans. The Wall Street brokerage trimmed its forecast to 570 points from 580 earlier.
Plans for Klarna Group and StubHub Holdings to go public have been paused, as both companies delayed their debuts after far-reaching tariffs announced by President Donald Trump earlier this week sparked a broader market selloff.