Goldman Sachs slashes S&P 500 target by 16% as Fed ramps up inflation fight

Goldman Sachs slashes S&P 500 target by 16% as Fed ramps up inflation fight

Goldman Sachs slashes S&P 500 target by 16% as Fed ramps up inflation fight Investment managers see Fed triggering recession in 2023 with inflation fight: Goldman Goldman Sachs slashed its year-end outlook for the S&P 500 as the Federal Reserve shows no signs of slowing down its battle to crush inflation. In an analyst note late Thursday, Goldman strategists trimmed their 2022 target for the S&P by 16% to 3,600 points. That is down from their previous estimate of 4,300 …