Goldman Sachs Lowers 2026 GDP Forecast, Flags Sharp Short-Term Rise in Brent Crude
Goldman Sachs trimmed its 2026 Q4/Q4 U.S. GDP growth projection by 0.3 percentage points to 2.2%, driven by a forecasted spike in Brent crude tied to the war with Iran. The bank's commodity team now expects Brent to average $98 per barrel in March and April before easing to $71 by late 2026, and it has raised its December 2026 PCE inflation project…