Goldman Sachs Sees an Overheated US Economy in 2018
November 26, 2017
This past week, Goldman Sachs issued its 2018 projections that forecasts the US economy growing so strong the Fed could possibly raise interest rates four times this coming year.
Goldman’s projection sees: the GDP rising at a 2.5% rate, the unemployment rate falling to 3.7% (the lowest level since 1969), wages increasing by 3.25%, and the inflation rate hovering near 1.8%.
Goldman Sachs believes under such conditions, the Fed would be forced to bump up interest rates four times in 2018 in an attempt to keep the economy from overheating.