Goldman Sachs Group Inc. reduced its growth estimates for the U.S. economy in 2023 after recently predicting an increase in the Federal Reserve interest rate.
The forecast for increase in the U.S. gross domestic product will remain at 0% for 2022 but will increase to 1.1% next year, down from the previous 2023 forecast of 1.5%, according to a prediction Friday from the finance firm analyzed by Bloomberg .
Over the last two weeks, Goldman forecast that its federal funds rate would rise by 75 basis points for a terminal rate forecast of 4% to 4.25% by the end of 2022.”This […]
Read the rest of this story here: justthenews.com
Ira Bershatsky offers consultations to those who want to invest in precious metals. During these consultations, he will match your current financial situation with the best physical precious metal purchases whether you want to rollover your IRA or have coins discreetly shipped to your home. You will not talk to a telemarketer or sales rep. You will talk to a true expert in precious metals with decades of experience helping people protect and advance their wealth.
