Goldman Sachs

Goldman Sachs has revised its forecast for U.S. monetary policy following the release of October inflation data. The bank now anticipates an additional Fed rate hike in March 2027 and a reduction starting only in December. Previously, analysts had predicted a shift to easing three months earlier.

Goldman Sachs CEO David Solomon believes that interest in financing artificial intelligence infrastructure remains high despite the decline in tech stocks. The bank continues to participate in major deals, including preparations for a potential IPO of Anthropic.

Goldman Sachs compared the first workers who lost their jobs due to AI to victims of past waves of automation. They take about a month longer to find new employment and are 10 percentage points more likely to remain unemployed a year later. Workers aged 35 and older face the most challenges.

According to Goldman Sachs, the Japanese yen is currently the best hedge against market risks related to artificial intelligence and will prove resilient to future shocks.

Goldman Sachs warns that issues with energy infrastructure could negatively impact progress in AI and lead to regulatory measures.

Goldman Sachs sees investment opportunities in debt instruments due to market volatility and the resilience of credit markets.

Goldman Sachs' revenue from trading stocks rose by 72% in Q3, while JPMorgan Chase fell short of expectations.

Goldman Sachs reports that pharmaceutical companies are turning to Chinese biotechnology due to patent expirations.

The S&P 500 index rose by 18.3%, while the Goldman Sachs non-AI index gained only 6.7%. The increases are driven by the growth of chip company stocks.

Goldman Sachs adjusted its forecast for the second Fed rate hike from October to December amid declining core PCE inflation.