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<Research>G Sachs Raises US Econ 2025 Growth Forecast to 1%; Fed Rate Cut Expected to Be Delayed Until Dec
US President Donald Trump suspended the implementation of the April retaliatory tariffs for 90 days, which will leave China and the US with 2025 tariff hikes on goods of 15 ppts an...
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<Research>G Sachs Raises US Econ 2025 Growth Forecast to 1%; Fed Rate Cut Expected to Be Delayed Until Dec
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US President Donald Trump suspended the implementation of the April retaliatory tariffs for 90 days, which will leave China and the US with 2025 tariff hikes on goods of 15 ppts and 30 ppts respectively, Goldman Sachs released a research report saying.

The broker raised its forecast for US economic growth this year by 0.5 ppts to 1%, and lowered the chance of a recession in the coming year to 35%.

Related NewsRetail Sales YoY for Apr in United States is 5.2%, unchanged from its last period.
Goldman Sachs postponed the Fed's next rate cut forecast from July to December, and expected it to implement 3 rate cuts at every other meeting rather than sequentially.

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