Economics
Goldman Halves U.S. Growth Forecast on Lack of Extra Fiscal Stimulus
- JPMorgan now sees 2.5% growth, Goldman has 3% for last quarter
- Still a chance of stimulus deal, but odds fading: JPMorgan
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JPMorgan Chase & Co. joined Goldman Sachs Group Inc. economists in dropping forecasts for U.S. economic growth in coming months thanks to the failure of Republicans and Democrats to seal a fiscal-stimulus deal.
“We are further lowering odds of getting the $1-1.5 trillion in additional stimulus that had seemed quite likely as recently as July,” Michael Feroli, JPMorgan’s chief U.S. economist, wrote in a note Thursday.