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 […]
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