Goldman Delays Fed Rate-Cut Timing, But Warns Risks Are Asymmetrically Negative From Here

If we wrote down the most frequent topics in discussions with market participants, Goldman Sachs chief economist Jan Hatzius says the vast majority would be negative:

• an unprecedented oil supply shock,

• large fiscal deficits,

• questions about Fed independence,

• population shrinkage,

• cyber/AI security risks,

• US-China rivalry,

• and the biggest war in Europe since WW2, amongst others.