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Goldman Sachs anticipates the U.S. Federal Reserve will implement three quarter-point interest rate cuts in 2025, adjusting its forecast due to tariff uncertainties. The brokerage now expects these cuts to occur consecutively in July, September, and November, revising its earlier prediction of two cuts in June and December.
Goldman Sachs anticipates that President Trump's impending tariffs will significantly increase inflation and unemployment while stunting economic growth, raising recession risks to 35%. The firm projects inflation to reach 3.5% by 2025 and expects the Federal Reserve to implement three rate cuts this year. With a potential tariff increase of 15 percentage points, the economic outlook suggests a return to stagflation reminiscent of the late 1970s and early '80s.
Argentina is seeking over 40% of a $20 billion program from the IMF, as announced by Economy Minister Luis Caputo. The government has eliminated the fiscal deficit and reduced public spending to strengthen central bank reserves and ease foreign exchange restrictions. Caputo noted that the request exceeds the typical first disbursement range of 20% to 30%, emphasizing that all necessary measures have been taken.
Argentina has requested the first tranche of over 40% of a $20 billion program from the International Monetary Fund (IMF). This move comes as the country seeks financial support to stabilize its economy amid ongoing challenges.
UBS has reaffirmed its commitment to Switzerland, emphasizing its focus on asset management for wealthy clients. In light of the emergency takeover of Credit Suisse, the Swiss government is preparing stricter regulations that may require UBS to raise up to $25 billion in capital, a move the bank opposes to maintain competitiveness and shareholder returns.
Goldman Sachs has raised its U.S. recession probability to 35% from 20%, citing weaker consumer and business sentiment amid escalating trade tensions. The bank now expects average U.S. tariffs to increase by 15 percentage points in 2025, leading to a projected GDP growth slowdown to 1.0% and a rise in unemployment to 4.5%. Additionally, core PCE inflation forecasts have been adjusted up to 3.5% due to higher import costs.
Stocks are facing significant challenges due to the imposition of new tariffs and changes in Federal Reserve policy, according to Goldman Sachs. These factors are contributing to increased market volatility and uncertainty, impacting investor sentiment and economic outlook.
The Bank of Ghana is overseeing the ongoing sale of shares in Société Générale Ghana, with several prospective buyers showing interest. Governor Johnson Asiama confirmed that the central bank will ensure compliance with regulatory requirements before granting final approval, as negotiations between shareholders continue. This follows a strategic review initiated by the Société Générale Group, which holds a 60.22% stake in the bank.
The Governor of the Bank of Ghana, Dr. Johnson Asiama, confirmed that the sale of shares in Société Générale Ghana is in progress, with potential buyers currently engaging with the central bank. He emphasized the importance of ensuring that all investors meet the necessary fit and proper requirements to uphold the financial sector's integrity. Meanwhile, the Managing Director of Société Générale Ghana, Hakim Ouzzani, addressed rumors about the bank exiting Ghana, clarifying that such claims were unfounded and not issued by the bank or its group.
Copper prices are expected to face a significant decline as tariffs are anticipated to be implemented, according to BNP Paribas. This development raises concerns about the future stability of the copper market, potentially impacting various industries reliant on this metal.
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goldman sachs predicts three interest rate cuts by us fed in 2025
06:33 31.03.2025
goldman sachs warns of inflation growth risks from trump tariffs
United States Dollar
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03:47 31.03.2025
Argentina seeks over 40 percent disbursement from IMF amid fiscal reforms
United States Dollar
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02:39 31.03.2025
argentina seeks first tranche of over 40 percent from imf program
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ubs reaffirms commitment to switzerland amid regulatory challenges and capital concerns
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goldman sachs raises recession odds and inflation forecasts amid trade tensions
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stocks confront hurdles from tariffs and changing fed policy according to goldman sachs
14:30 30.03.2025
bank of ghana oversees sale of societé générale ghana shares
13:26 30.03.2025
bank of ghana oversees ongoing sale of shares in societe generale
13:01 30.03.2025
copper prices expected to decline amid impending tariffs according to analysts
01:35 30.03.2025
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