Search Results for: fiscal policy

Potential Impact of Biden-Harris Policy Agenda on S&P 500 EPS The S&P 500 EPS forecast depends on fiscal stimulus and corporate tax reform.  Image: Goldman Sachs Global Investment Research

U.S. Inflation – Cleveland Median CPI vs. M2 Savings Deposits When fiscal policy drives money creation, inflation risk jumps. Spending and liquidity rise together, and before long, too much money chases too few goods. Recent U.S. money trends point toward price pressures ahead. Image: Bloomberg

Gold Price (5-Year Rolling Change) and World Military Expenses When governments ramp up military spending, gold tends to sparkle. Rising geopolitical risks and looser fiscal policy weaken paper currencies and revive inflation worries, sending investors back to bullion. Image: Gavekal, Macrobond

Survey – Credit Investors: What Are Your Biggest Concerns? The 2024 U.S. election outcome could significantly impact fiscal policy, debt, interest rates, inflation, and economic growth, which are key concerns for U.S. credit investors. Image: BofA Credit Investor Survey

Earnings – STOXX Europe 600 EPS Level Thanks to an accomodative monetary and fiscal policy, the STOXX Europe 600 EPS is growing much faster than during the last cycle (2007-2019). Image: Goldman Sachs Global Investment Research

Bull-Bear GDP Growth Forecasts The bull case scenario consists of a more accommodative fiscal policy and a faster return to normal with a vaccine broadly available more quickly. Image: Morgan Stanley Research

Fed Dovish Pivot – Stimulus Hopes Support Risk Appetite Growth sentiment appears to be stabilizing, due to optimism about fiscal policy. Image: Goldman Sachs Global Investment Research

U.S. Financial Conditions Index and SLOOS With financial conditions easing and banks pulling back on loan tightening, the U.S. economy looks poised for stronger investment, hiring, and growth. But those tailwinds could reignite inflation if demand runs ahead of supply. Image: Goldman Sachs Global Investment Research

U.S. 10-Year Treasury Yield and Economic Surprise Index Weakening U.S. economic data and evolving fiscal conditions have led Goldman Sachs to revise down Treasury yield forecasts, anticipating a more accommodative monetary policy with earlier and multiple Fed rate cuts in 2025. Image: Bloomberg

U.S. Federal Deficit and Balance Sheet Expansion Is the U.S. fiscal and monetary policy response to the COVID-19 crisis appropriate to ensure continued economic growth? Image: Deutsche Bank