After the significant decline on Friday, U.S. stocks started off the Sunday evening Globex session on a weak note. The weekend didn’t offer much uplifting news to change the mood. I recently shared some insights from Goldman Sachs, who have increased their predictions for inflation, unemployment, and the risk of a recession—essentially pointing towards stagflation.
In that update, I mentioned that even with inflation on the rise, Goldman Sachs is predicting three Federal Open Market Committee (FOMC) rate cuts this year. This expectation is grounded in the anticipation of a downturn in economic growth.
