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Goldman Sachs Raises S&P 500 Target Amid Fed Rate Cut Expectations
Goldman Sachs Raises S&P 500 Target Amid Fed Rate Cut Expectations
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BTCCSquare news:
US equities continue their upward trajectory, with the S&P 500 gaining 11% year-to-date and the NASDAQ climbing 13.5%. David Kostin, Goldman Sachs' chief US equity strategist, attributes this resilience to anticipated Federal Reserve rate cuts and a projected economic reacceleration in 2026.
The firm forecasts three rate cuts this year, with the S&P 500 expected to rise 2% by year-end and 6% through mid-2026. "Equities typically perform well during Fed easing cycles that avoid recession," Kostin notes, emphasizing the interplay between monetary policy and growth expectations.
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