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Cryptocurrencies will shadow US economy in 2018: Goldman Sachs

Goldman isn't the only firm to send up a warning flag about cryptocurrencies

Joanna Ossinger | Bloomberg 

Financial imbalances, including those in credit markets and cryptocurrencies, will shadow an otherwise robust 2018 US 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 US gross-domestic product growth quickening to an average of 2.6 per cent, the jobless rate dropping to about 3.5 per cent, and the yield curve not inverting.In a new report, Hatzius reiterated his expectation for overall economic strength, while flagging some concerns. “Asset valuations in some ...

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First Published: Mon, January 01 2018. 03:46 IST