Goldman Sachs are looking for a blockbuster Q1 GDP number, way higher than everyone else

The US GDP reading, Q1 preliminary, is due at 8.30 US Eastern time on Thursday, 25 April 2024.

Goldman Sachs are forecasting 3.1%, from 2.5% previously and well above consensus at 2.5%. Analsyst at the bank cite:

• strong personal consumption
• strong labor market, pointing to March payrolls +303,000 & unemployment down to 3.8%
• industrial production +0.4% (March also)

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Get your crash helmet ready for S&P 500 if the number is Goldman Sachs’ 3.1!

Earlier:

• Goldman Sachs shifted their June Federal Open Market Committee (FOMC) call from the June meeting to the July meeting.

This article was written by Eamonn Sheridan at www.forexlive.com.