European markets are heading for a lower open Wednesday as investors await the minutes from the U.S. Federal Reserve's latest monetary policy meeting.
after Wall Street's sharp losses overnight, and New Zealand's central bank continued to hike its benchmark interest rate.‘Insure against the worst’: Goldman picks stocks for a soft — and hard — economic landing, signaling the possibility of higher interest rates for longer than expected.
The yield on the 6-month and 1-year Treasury bonds closed at 5% on Friday, thanks to several economic data releases last week that pointed toward a strong U.S. economy. A rise in bond yields leads to increased borrowing costs for companies, which adds downward pressure on stocks. Despite this challenging environment, Goldman Sachs remains optimistic and expects a "soft-landing" for the U.S. economy. In this scenario, inflation is controlled with a mild recession at most.
To capture the upside in a soft-landing scenario, the Wall Street bank said that investors should own stocks that can benefit from a decelerating inflation environment.
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