President of Bianco Reseach and former CMT Association Vice President Jim Bianco, CMT, was featured on Fox Business on Monday discussing his forecast for the economy in 2019, including key areas of risk and potential safe havens for investors.
Fears that the Federal Reserve will continue to raise interest rates and tighten monetary policy have caused Goldman Sachs to revise its growth forecast for the year, Bianco said.
“I think [the market is] rebounding, because it’s now decided, the Fed gets it, there’s going to be no more rate hikes in 2019 … but if Chairman Powell starts hinting that there will be more rate hikes, I don’t think the market is going to take that well,” he added.
Listen to the full interview here: Goldman Sachs slashes its growth forecast for first half of 2019.