Goldman: "oil prices have fallen substantially since the elections, so the bulk of the energy pass-through should now be behind us and we still expect inflation to be meaningfully lower by end-2027."
Goldman adds third rate hike to forecast
"The October CPI report surprised meaningfully to the upside across several categories and marked a third month of worse inflation news. We continue to expect a second 25bp rate hike in December and are adding a third 25bp hike to our forecast in March 2027. A third hike could come earlier in January, but we think March is a bit more likely because we expect the November and December inflation reports to be softer but then expect larger start-of-the-year price increases amidst ongoing cost pressures to boost inflation in January"
Goldman Sachs and Citi are reportedly among the global banks putting up $270 million for a US dollar stablecoin venture.
More institutional crypto news:
Goldman sees Anthropic’s revenue topping $600 billion by 2030, about 130 times its 2025 revenue
Goldman Sachs, the lead bank on Anthropic’s IPO, shared these revenue projections with a prospective investor:
2025 (actual): $4.6B
2026: $52B
2027: $136B
2029: $442B
2030: more than $600B