(Reuters) -Global progress will possible gradual this yr and main central banks throughout the globe have indicated rate of interest cuts this yr.
Following are forecasts from some main banks on financial progress, inflation, and the way they anticipate sure asset courses to carry out:
Real GDP progress forecasts for 2024
GLOBAL U.S. CHINA EURO UK INDIA
AREA
Goldman 2.8% 3.1% 5.0% 0.7% 0.6% 6.6%
Sachs
Morgan 2.8% 1.9% 4.2% 0.5% -0.1% 6.4%
Stanley
UBS Global 0.6%
Wealth
Management* 3.1% 2.4% 4.9% 0.2% 7.0%
Barclays 2.6% 1.2% 4.4% 0.3% 0.1% 6.2%
J.P.Morgan 2.2% 1.6% 5.2% 0.4% 0.3% 5.7%
BofA Global 2.7% 0.3% 5.7%
Research 0.5%
3.0% 5.0%
Deutsche 2.4% 0.6% 4.7% 0.2% 0.3% 6.0%
Bank
Citigroup 1.9% 1.0% 4.6% -0.2% 0.1% 6.3%
HSBC 2.6% 2.3% 4.9% 0.5% 0.4% 6.3%
UBS Global 3.0% 2.2% 4.6% 0.6% – –
Research*
—-
U.S. INFLATION
U.S. shopper costs elevated greater than anticipated in March as Americans continued to pay extra for gasoline and rental housing, main monetary markets to anticipate that the Federal Reserve would delay chopping rates of interest till September.
U.S. inflation (annual Y/Y for 2024)
Headline CPI Core PCE
Goldman Sachs 2.50% 2.5%
Morgan Stanley 2.10% 2.70%
Wells Fargo 3.0% 2.60%
Investment
Institute
Barclays 2.70% 2.4%
J.P.Morgan 2.50% 2.50%
BofA Global 3.5% 2.50%
Research
Deutsche Bank 2.10%
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Citigroup 2.0% 3.0%
HSBC 3.4%
—–
Forecasts for shares, currencies and bonds:
US 10-year USD/C
goal yield NY
goal
Goldman Sachs 5,200 4.00% 1.12 145 7.05
Morgan Stanley 4,500 1 140 7.5
UBS Global
Wealth 5,200 3.85% 1.09 148
Management* 7.25
Wells Fargo 5,100-5,300 4.25-4.75% 1.06-1.10 156-160
Investment
Institute
Barclays 5,300 4.25% 1.09 145 7.20
J.P.Morgan 4,200 3.75% 1.13 146 7.25
BofA Global 5,400 4.25% 7.45
Research 1.12 155
Deutsche Bank 5,100 4.10% 1.10 135
Citigroup 5,100 4.30% 1.02 135 7.25
HSBC 5,400 3.00% 1.05 7.10
145
Oppenheimer
5,500
UBS Global 5,400 3.6% 1.12 140 7.00
Research*
* UBS Global Research and UBS Global Wealth Management are distinct, impartial divisions in UBS Group
