Morgan Stanley and Goldman Sachs lower their expectations for US economic growth

BlockBeats News: On March 10th, Morgan Stanley predicted that due to the negative impact of tariffs and labor market tensions leading to rising inflation rates, the growth rate of the US gross domestic product (GDP) will decline. The GDP growth forecast for 2025 will be lowered from the previous 1.9% to 1.5%, and for 2026, it will be lowered from 1.3% to 1.2%. Morgan Stanley expects the Federal Reserve to only cut interest rates by another 25 basis points in June 2025, with two more cuts expected from 2026 onwards, later than market expectations. Goldman Sachs has lowered its forecast for US GDP growth in 2025 from 2.2% to 1.7%, and raised the probability of a US economic recession from 15% to 20%. (Golden Ten)