Resume af teksten:
Kerne-PCE-inflationen i USA ventes nu at være 3,0 procent i fjerde kvartal, mod FOMC-medianens prognose på 3,4 procent.
Økonomerne vurderer, at Federal Reserve næppe hæver renten i oktober, og en anden renteforhøjelse i 2026 ventes nu i december.
65 procent af omkring 2.100 adspurgte praktikanter vil betale for premium-AI-værktøjer til privat brug.
86 procent siger, at de faktatjekker AI-genereret indhold altid eller det meste af tiden før privat brug.
Indiens Nifty 50-indeks er faldet mere end 10 procent i år, mens 42 identificerede AI-relaterede aktier er steget omkring 60 procent i 2026 frem til 22. september.
De 42 selskaber har en samlet markedsværdi på 670 milliarder dollar og omfatter blandt andet producenter af datacenterhardware og halvledermaterialer.
Energisikkerhed, industristrategi og national sikkerhed fremhæves som centrale drivkræfter i energiomstillingen ud over klimapolitik.
Familieejede virksomheder står for omkring 70 procent af den globale økonomiske produktion, mens tre ud af ti når anden generation.
Fra Goldman Sachs:
Following a larger-than-expected downward revision to US Personal Consumption Expenditures (PCE) inflation due to methodological changes, Goldman Sachs Research now expects core PCE inflation to stand at 3% in the fourth quarter (year over year). That’s well below the median Federal Open Market Committee (FOMC) participant’s forecast of 3.4%.
Taken together with recent FOMC comments, our economists now think the Federal Reserve is unlikely to raise rates in October. Goldman Sachs Research pushed back its forecast for a second hike in 2026 to December, and our economists now “see a strong chance that the FOMC will ultimately conclude that additional rate hikes are unnecessary.” Read the full note from Goldman Sachs Research for more on our economists’ outlook for Fed policy and US GDP growth.
How Goldman Sachs Interns Use AI
This year’s class of summer interns at Goldman Sachs say they use artificial intelligence (AI) for a variety of purposes, from checking code to looking up information. Some 65% of the roughly 2,100 survey respondents say they would be willing to pay for premium AI tools for personal use. More than half of respondents say they are comfortable with some AI assistance in a broad range of use cases—from content curation to personal finance. But 60% prefer no AI involvement at all in creative work such as art, music, books, film production, and design.
At the same time, interns are mindful of AI’s limitations. The majority say they are cautious about sharing information with AI tools depending on the topic. This year’s interns also emphasize the need for oversight: 86% of respondents say they fact-check AI-generated output most or all of the time before relying on it in their personal lives. Read the full results of the survey for our interns’ views on the forces shaping world events, their preferred ways to consume news, and their approaches to learning.
India’s ‘ AI Enablers ’ Buck Broader Index Decline
India ’ s Nifty 50 stock index has been an underperformer in the region this year, declining more than 1 0 %. A key reason for this is the relative dearth of equities linked to AI, according to Goldman Sachs Research. Unlike South Korea, Taiwan, and China, where scores of companies have exposure to the technology, India has become the default “anti-AI trade.” Even so, India’s pocket of stocks connected to the rollout of AI is comfortably outperforming the rest of the market: When sized up on their own, these stocks have surged roughly 60% in 2026 , as of September 22 . That makes them the best-performing group of firms in the market by a wide margin, writes Amorita Goel, a strategist on the Asia Portfolio team at Goldman Sachs Research.
“ Beneath the surface of a laggard benchmark, a distinct and rapidly compounding pocket of AI-infrastructure beneficiaries—predominantly mid, small, and micro-cap companies—is delivering some of the strongest equity returns in India, ” Goel writes in a report. She identifies 42 “ AI enablers ” from a universe of 1,800 listed Indian companies. With a combined $670 billion in market capitalization, the firms range from data center hardware makers to power generation equipment providers to producers of semiconductor materials. Since 2025, almost all of the AI enablers ’ returns have been driven by earnings, Goel explains. In case you missed it: Read our article on how consumer AI agents signal a new growth phase for the internet economy.
Quoted: Energy Security, Not Just Climate, Now Drives the Energy Transition
“The most important trend for investors is that the energy transition is no longer driven by climate policy alone. Energy security, industrial strategy, and national security have become equally important and increasingly inseparable.” —Jason Bordoff, founding director of the Center on Global Energy Policy and Professor of Professional Practice in International and Public Relations at Columbia University’s School of International and Public Affairs As governments around the world prioritize energy security, it is important for investors to understand the key forces influencing the energy transition, Bordoff says in a Q&A with the Goldman Sachs Global Institute. The upfront investment for clean energy is more capital intensive than oil and gas, which is especially challenging for governments in an era of higher interest rates, Bordoff points out. And developing redundancy and domestic manufacturing and extraction raises costs across clean energy supply chains. Bordoff says that the drive to reduce exposure to “geopolitically risky” oil and gas markets may lead many governments to focus on the resilience of their oil and gas supplies or to try to decrease imports, accelerating electrification and domestic power generation, including clean energy technologies. Read the full Q&A or find more of our insights on energy markets .
The Succession Problem Faced by Every Family Business
FX de Mallmann (left) and Tucker York
Companies with a significant family stake generate roughly 70% of global economic output. However only three in 10 reach a second generation, and about one in 10 make it to a third generation . That is not necessarily a failure, says FX de Mallmann, chairman of Goldman Sachs EMEA and chairman of Investment Banking within Global Banking & Markets, who advises many of the world’s largest family-owned companies. “ What’s important is: Does the business benefit from that family ownership, or does the business benefit from having a broader ownership base?” he says. What actually determines whether a business—and a family—comes out ahead is not the outcome, but the process behind it. “What we find on average is: The larger the company, the more global, the more complex, typically the more likely it will require a non-family member with significant experience to continue to run it,” de Mallmann says on an episode of Goldman Sachs Exchanges. The succession question does not end when the business is sold, adds Tucker York, chairman of Global Wealth Management within Goldman Sachs Asset & Wealth Management. Many founders have spent decades with nearly all of their net worth riding on one company. “These extraordinary families that have built the enterprises … have made concentrated bets in one company that becomes a stock,” York says. “And that’s a way for tremendous wealth creation, but it’s incredibly risky.” For more insights, read Goldman Sachs’ new report , Honoring Legacy and Positioning for the Future: A Modern Playbook for Family-Owned Businesses.
Hurtige nyheder er stadig i beta-fasen, og fejl kan derfor forekomme.
