If there is any upside for investors from the slowing U.S. economy, it’s that the Federal Reserve may have no other choice but to put the brakes on its aggressive pace of rate hikes later this year.
“There are two reasons that they would slow the pace,” Goldman Sachs Chief U.S. Economist David Mericle told Yahoo Finance Live at the firm’s 10,000 Small Businesses Summit (video above). “One reason is I think the economy is going to slow a lot. And you’re going to see that in a much more…
Source link