Goldman Sachs – Market Pulse, Sep 2025

The report provides macroeconomic and market analysis, including forecasts of economic growth, monetary policy, and risks.

Global economic growth continues to vary by region, with improved forecasts for Europe, Japan, and China. A 25 basis point reduction in the Fed's interest rate is expected, along with a return to flexible inflation targeting. The U.S. economy shows signs of slowing, but financial risks remain largely under control. The U.S. dollar is expected to depreciate in the medium term.