Goldman Sachs Is Getting Worried About the Economy

“The U.S. economy is headed into a period of noticeably slower growth thanks to the tariff impact on inflation and, by consequence, consumer spending, according to Goldman Sachs,” CNBC reports.

“Economists at the Wall Street firm expect gross domestic product to rise at just a 1.1% annual pace through 2025 ‘as the growing real income drag from tariff-related price increases offsets the boost from easier financial conditions.’”