Goldman Sachs annual forecast: "Trump 2.0" top ten key issues.
Goldman Sachs predicts that next year, the USA's economic and Consumer growth will exceed general market expectations, but Goldman Sachs remains more dovish than the market, expecting the Federal Reserve to cut interest rates three more times in March, June, and September 2025. Goldman Sachs believes that Trump is unlikely to fire or demote Powell.
Goldman Sachs 'Ten Questions' for Trump 2.0: Where is the USA economy and the Federal Reserve headed in 2025?
1. Analysts at Goldman Sachs emphasize that as we enter the new year, the fundamentals of the USA economy are expected to remain robust; 2. They point out that the uncertainties regarding policy changes and geopolitical risks during Trump's second term may impact the outlook.
Political turmoil in South Korea is impacting the economy! The significant depreciation of the won is driving inflation upward.
The Korean won has recently depreciated significantly; South Korea heavily relies on imports for food and Energy, and the inflation rate in South Korea is rising, with political impacts that can be felt nationwide.
South Korea's Inflation Picks Up in December But Stays Below Central Bank Target
South Korea's Inflation Averages 2.3% in 2024
The manufacturing industry in the USA is facing a harsh winter, with the Chicago PMI unexpectedly plummeting to levels close to those during the lockdown period of the COVID-19 pandemic.
In December, the Chicago PMI in the USA was 36.9, significantly below the expected 43, with the previous value in November being 40.2. Given the dismal Chicago PMI data, the upcoming critical ISM manufacturing PMI to be released later this week may also be disappointing. The unexpected sharp decline in the Chicago PMI has led to an expansion in the gains of US Treasury prices during the day, and the drop in US stock prices has also widened at one point.