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Tuesday 2 January 2018

GS: Cryptocurrencies and loans will overshadow US growth (2)

Goldman is not the only financial institution that warns of "red flags" in cryptocurrencies. JPMorgan Chase & Co. executive Director, Jamie Diamond, has already described the bitcoin as a "scam". He said the bitcoin is a "highly speculative asset".
The bitcoin was determined by Japanese central bank chief Haruhiko Kuroda as a speculative tool.
Positive impacts are expected to be in the direction of initial housing, which will continue to have a good impact on the labor market.
The growth in pay for US workers is expected to accelerate and lead to an increase in inflation. The latter is expected to rise from its current levels to 1.5% and to reach 2% target from the Fed.
Markets are expected to start betting for more rapid interest rates next year, GS said. At the moment, two interest rates are pledged, but over time, market participants can expect to see three. And the Fed can surprise them with even more aggressive actions.


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