Goldman Sachs cuts GDP forecast because of stress on small banks, which are key to U.S. economy
Goldman on Wednesday lowered its 2023 economic growth forecast, citing a pullback in lending from small- and medium-sized banks.
For five of the past six weeks, the level of initial jobless filings totaled exactly 212,000.
The Washington DC-based institute this week nudged its global growth outlook slightly higher to 3.2% in 2024.
High corporate valuations could pose a significant risk to financial stability as market optimism becomes untethered from fundamentals, the IMF...
Economists polled by Reuters expected a reading of 3.1%, down from 3.4% in February.
The IMF on Tuesday raised its global growth forecast slightly, saying the economy had proven "surprisingly resilient" despite inflationary pressures.
Altaf Kassam told CNBC that classic monetary policy mechanisms had "broken."