Goldman Sachs lowers US Q2 GDP growth forecasts - Reuters

Omkar Godbole FXStreet Contributor

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.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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