Overseas Headlines – September 7, 2021

United States:

Goldman Cuts U.S. Growth Forecast as Consumer Sees ‘Harder Path’

Goldman Sachs Group Inc. economists revised down their forecast for growth in the U.S. economy this year, pointing to a “harder path” ahead for the American consumer than previously anticipated.

https://www.bloomberg.com/news/articles/2021-09-06/goldman-cuts-u-s-growth-forecast-as-consumer-sees-harder-path?srnd=economics-vp

Europe:

BOE’s Saunders Says Any Rate Rise in Next Year Will Be Limited

The Bank of England’s most hawkish policy maker says even if interest rates rise in the next year, it’ll be a limited shift.

https://www.bloomberg.com/news/articles/2021-09-07/boe-s-saunders-says-any-rate-rise-in-next-year-will-be-limited?srnd=economics-vp

Asia:

BOJ Needs Realistic Price Goalto Avoid Endless Stimulus, Ex-Deputy Governor Says

“The Bank of Japan should set a more achievable inflation target to avoid getting stuck with endless stimulus, according to a former deputy governor.

https://www.bloomberg.com/news/articles/2021-09-07/boj-needs-more-realistic-price-goal-ex-deputy-governor-says?srnd=economics-vp

 

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