Goldman Sachs said the economy and investing landscape is returning to a pre-2008 environment.
Conditions are normalizing as the end of ultra low rates ends andNEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily.
In a note to clients this week titled, "The Hard Part Is Over," Goldman strategists led by Jan Hatzius highlighted that economies around the world have outperformed even optimistic expectations through 2023.
Despite their relative optimism, Goldman strategists said they see "higher-than-normal risks" for 2024.
Goldman Sachs says its probability-weighted fed funds forecast is below its modal baseline forecast Goldman SachsThere are also downside risks around growth, the bank said.
Persons:
Goldman Sachs, —, Goldman, Jan Hatzius, Hatzius, Charles Schwab, Goldman Sachs Goldman Sachs, disinflation
Organizations:
Service, Goldman, Federal Reserve
Locations:
Europe