Government Shutdown Could Last 2-3 Weeks With 90% Certainty: Goldman Sachs
Portfolio Pulse from Benzinga Neuro
Goldman Sachs' chief economist, Jan Hatzius, predicts a 90% chance of a U.S. government shutdown lasting two to three weeks starting Oct. 1. The shutdown could affect the salaries of up to four million federal workers and cut various services. However, mandatory spending programs like Medicare, Medicaid, and Social Security are expected to remain unaffected.
September 28, 2023 | 8:55 am
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NEUTRAL IMPACT
Goldman Sachs' prediction of a likely U.S. government shutdown could potentially affect investor sentiment towards the firm.
While Goldman Sachs' prediction of a government shutdown does not directly impact the company's operations, it could potentially influence investor sentiment. If the prediction comes true, it could enhance the firm's reputation for accurate economic forecasting, possibly attracting more clients and investors. However, if the prediction proves incorrect, it could harm the firm's credibility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100