0433 GMT - Global economic growth is expected to exceed consensus forecasts, supported by fading tariff effects, fiscal support and easier financial conditions, Goldman Sachs chief economist Jan Hatzius says in a note. He expects inflation to move closer to target in most economies, reflecting diminishing tariff, administered-price effects, moderating wage and rent growth. While Goldman Sachs sees a notable drop in tech employment in recent months, it doesn't foresee an AI-driven job apocalypse. U.S. economic indicators are encouraging, with on-year core CPI adjusted for the shelter distortions at a post-pandemic low of 2.6% in January. GS expects the Fed to hold rates steady for the remainder of Fed Chair Powell's term but anticipates 25bp cuts in June and September under a committee likely led by Fed Chair nominee Kevin Warsh. (jihye.lee@wsj.com)

(END) Dow Jones Newswires

February 16, 2026 23:33 ET (04:33 GMT)

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