Economics
Goldman Sees Crypto, Credit Shadowing Robust 2018 U.S. Economy
- Housing starts to rise, wage growth to resume acceleration
- Cryptocurrency ‘boom’ seen as one sign of speculative behavior
Bitcoin: What’s Coming in the Year Ahead
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Financial imbalances including those in credit markets and cryptocurrencies will shadow an otherwise robust 2018 U.S. economy, said Goldman Sachs Group Inc. economist Jan Hatzius.
Hatzius has already made some predictions for the new year: four Federal Reserve rate hikes, real U.S. gross-domestic product growth quickening to an average of 2.6 percent, the jobless rate dropping to about 3.5 percent, and the yield curve not inverting.