Goldman warns pressure on stocks from higher rates will pull down consumer spending
FROM THE WIRE · BUSINESSINSIDER.COM
Goldman Sachs said it expects higher rates to weigh on stock returns, reining in consumer spending that's been boosted by the wealth effect recently.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishGoldman's warning on negative wealth effect from higher rates may weigh on stocks and consumer spending.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Goldman Sachs expects higher rates to weigh on stock returns.
- 02Rising rates will reduce wealth effect that has boosted consumer spending.
- 03Investment bank warns of downside pressure on both stock markets and consumer spending.