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Nash Riggins

Goldman Sachs Just Issued a New Warning on the U.S. Economy — And It’s Not Just About Oil

United States Goldman Sachs Oil US Federal Reserve Economy the Federal Reserve Inflation Recession

Wall Street always pays attention when a bank like Goldman Sachs (GS) changes its economic forecast. But when the key drivers behind that change include war, sky-high oil prices, and a potential recession, investors really sit up straight and listen.

Well, that’s exactly where we’re at right now. Thanks to America’s ongoing war in Iran and the ripples it's causing across global markets, economists over at Goldman Sachs have slashed their outlook for the U.S. economy moving forward. Oil (CBK26) prices are the most obvious trigger here, but the bank’s warning goes a whole lot deeper than rising energy costs.

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