Goldman said the British central bank will start reducing interest rates from August, dropping its earlier forecast of cuts beginning in June. The consumer price index (CPI) rose by 2.3% in the 12 months to April, down sharply from March's 3.2% increase and its lowest since July 2021, the UK's Office for National Statistics said on Wednesday. But the BoE and economists polled by Reuters had forecast a bigger drop to 2.1%, just above the central bank's 2% target, after a big cut to household energy tariffs in April.
Below, we share with you three Goldman Sachs mutual funds, viz. GMNPX, GGYPX and GMYPX. Each has a Zacks Mutual Fund Rank #1.
Goldman (GS) intends to expand its lending services to private equity and asset managers, capitalizing on a potentially thriving market driven by increased fundraising.