Goldman Sachs lowers US Q2 GDP growth forecasts - Reuters
|The investment bank Goldman Sachs has lowered its forecast for the US second-quarter (Q2) gross domestic product (GDP) growth to 1.1% from 1.3%, courtesy of an expanding scope of the trade war with China, according to Reuters.
Goldman Sachs also sees a rising chance of Federal Reserve rate cut but feels the probability is not strong enough to pencil rate cuts into its baseline forecasts.
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