1 Source: Bloomberg and Goldman Sachs Asset Management. As of July 19, 2022
Source: Goldman Sachs Global Investment Research and Goldman Sachs Asset Management. As of July 19, 2022. The economic and market forecasts presented herein are for informational purposes as of the date of this document. There can be no assurance that the forecasts will be achieved. Past performance does not guarantee future results, which may vary.
“Fed” refers to the Federal Reserve.
“ISM manufacturing index” refers to the Institute for Supply Management Purchasing Managers’ Index.
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Date of first use: July 22, 2022. 285641-OTU-1640963