{
}
Goldman Sachs has revised its U.S. stock market outlook, lowering the year-end target for the S&P 500 index to 5,700 from 6,200, reflecting concerns over President Trump's tariff policies and economic slowdown risks. The firm also cut its 2025 GDP growth forecast to 1% and now anticipates three Federal Reserve rate cuts this year, citing the need for "insurance-style" measures against economic downturns.
During a rally in Wisconsin, Elon Musk sidestepped questions about a potential DOGE stimulus check, stating that any such initiative would require congressional approval. He emphasized that efficiency in government spending could alleviate inflation's tax burden on Americans.The idea of a DOGE stimulus originated from former President Trump, who mentioned considering distributing 20% of DOGE savings to citizens. This proposal followed claims of significant savings by DOGE, which were later found to include misleading figures.
Noah Ramos, a former Deutsche Bank executive, has filed a lawsuit claiming he was wrongfully terminated for whistleblowing after reporting improper accounting practices that led to a $173 million receivable issue. He alleges that the bank fabricated a racial bias complaint against him to justify his firing, which he argues was a cover for his protected whistleblowing activities. Deutsche Bank has denied the allegations and stated they will defend themselves vigorously.
Goldman Sachs has raised the U.S. recession probability to 35%, citing concerns over President Trump's tariff policies, which could lead to inflation, trade retaliation, and slower economic growth. The Federal Reserve may cut interest rates to stimulate the economy, but risks remain high for job markets and consumer spending. As uncertainty looms, individuals are advised to strengthen their financial foundations.
Goldman Sachs has revised its inflation outlook, predicting the core PCE index to rise to 3.5% this year, and anticipates three interest rate cuts by the Federal Reserve in the latter half of 2024. This bullish stance could positively impact the crypto market, as lower borrowing costs typically boost risk assets like cryptocurrencies. Currently, Bitcoin is down 1.81% to $81,985, with major tokens like XRP and Cardano's ADA experiencing significant losses.
Goldman Sachs has raised the probability of a U.S. recession to 35%, citing declining business and consumer confidence, and a slowdown in real income growth. The bank also revised its tariff projections to 15% by 2025, predicting core PCE inflation to reach 3.5%, significantly above the Federal Reserve's target. Additionally, GDP growth forecasts for 2025 have been lowered to 1.0%, with unemployment expected to rise to 4.5% amid economic uncertainty.
George Saravelos, head of foreign exchange research at Deutsche Bank, warned that the U.S. dollar's status as a reserve currency faces significant risk if the Federal Reserve withdraws its currency swap arrangements. He highlighted that even without action from the Fed, doubts about these arrangements could drive global de-dollarization, marking a critical moment since World War II.
Markets have shifted their perception of the "Trump put," a term suggesting presidential intervention to support stock prices, as concerns over tariff threats grow. However, Bank of America strategists assert that both the Trump administration and the Federal Reserve are prepared to act if equity prices decline significantly. Recent reports indicate a narrowing of tariffs, which may signal a commitment to stabilize markets amid economic uncertainty.
UBS Chief Strategist Bhanu Baweja warns of a potential 8% drop in the S&P 500, projecting a decline to 5,300 points due to weakening consumer indicators and profit estimates. While some analysts see a recovery, UBS remains cautious as earnings growth forecasts for 2025 have been cut to 9.5%. Baweja favors short-term bonds amid a slowing economy, suggesting ETFs like iShares Short Treasury Bond ETF and SPDR Bloomberg 1-3 Month T-Bill ETF for investors seeking stability.
U.S. consumers are reducing spending due to high inflation and a bleak economic outlook, leading to increased debt and rising delinquencies in auto loans, credit cards, and home credit lines. Retailers report cautious shopping behavior, with consumers prioritizing deals and lower-priced items. This trend may signal potential increases in late payments and loan defaults, raising concerns for banks as loan growth slows significantly.
End Federal Reserve USD
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Goldman Sachs lowers US stock market outlook amid tariff policy concerns
United States Dollar
The Goldman Sachs Group, Inc.
End Federal Reserve USD
CHN
USA
Joe Biden
Donald Trump
04:44 01.04.2025
Elon Musk addresses doge stimulus check speculation at Wisconsin rally
02:01 01.04.2025
former deutsche bank executive alleges wrongful termination for whistleblowing
United States Dollar
Financial Industry Regulatory Authority Inc.
Deutsche Bank Money Market PP
End Federal Reserve USD
USA
DEU
Noah Ramos
Show more
19:06 31.03.2025
goldman sachs raises us recession probability to 35 amid tariff concerns
18:08 31.03.2025
goldman sachs predicts fed rate cuts boosting crypto market potential
14:52 31.03.2025
Goldman Sachs raises recession odds and inflation forecasts for the US
10:30 31.03.2025
deutsche bank warns of risks to us dollar if fed withdraws swap deals
01:59 28.03.2025
bank of america sees resilience in trump put amid market volatility
United States Dollar
Bank of America Corporation
End Federal Reserve USD
USA
Jean Tiago Hamm
Donald Trump
Alan Greenspan
Show more
09:57 27.03.2025
ubs warns of potential s and p 500 decline amid economic uncertainty
United States Dollar
Morgan Stanley
JPMorgan Chase & Co.
End Federal Reserve USD
USA
Bhanu Baweja
Show more
18:00 26.03.2025
us consumers reduce spending amid rising inflation and economic concerns
United States Dollar
AMERICAN EXPRESS
Walmart Inc.
Synchrony Financial
End Federal Reserve USD
Discovery Silver Corp.
Target Corporation
Capital One Financial Corporation
USA
Patrick T. Harker
Max Axler
Donald Trump
Show more
11:33 25.03.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Banking Regulations
Domestic Politics
Global Financial Events
Retail and Consumer Goods
CEO Changes
Global Trade Developments
Government Policies
Startups & Entrepreneurship
Market Analysis and Predictions
Workplace Trends
Elections & Campaigns
Central Bank Actions
Government Economic Policies
Supply Chain Management
Corporate Social Responsibility
Countries:
Companies:
Tesla, Inc.
UniCredit S.p.A.
Apple Inc.
Banco BPM S.p.A.
Deutsche Bank Money Market PP
JPMorgan Chase & Co.
Barclays PLC
Credit Suisse Strategic Income I
CREDIT AGRICOLE
Amazon.com, Inc.
SpaceXCoin USD
The Goldman Sachs Group, Inc.
Lloyds Banking Group plc
BNP Paribas SA
UBS Group AG
Credit Agricole
Banco Santander, S.A.
Berkshire Hathaway Inc.
Reinsurance Group of America, Incorporated
Google Inc.
Currencies:
United States Dollar
Euro
Swiss Franc
British Pound Sterling
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Hong Kong Dollar
Singapore Dollar
Canadian Dollar
Offshore Chinese Yuan
Australian Dollar
Norwegian Krone
Filipino Peso
Mexican Peso
Indonesian Rupiah
Vietnamese Đồng
Thai Baht
Danish Krone
People: