[Music] Greetings everyone. It is uh in the know day as well employment Friday uh and uh we have a lot to discuss as usual we'll we'll go through fiscal policy monetary policy economic indicators market indicators and uh we'll talk a little bit about uh some real breakthroughs in terms of uh the market recognizing how much innovation is taking place. Um so uh starting w with fiscal policy and I'll I'll go through and and just uh make a few observations before we flip to charts.So um on fiscal policy, well t ...

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The growth signal from US soft data has improved, indicating a better trade policy outlook [2][4] - The Current Activity Indicator (CAI) for the US shows a value of +1.6% for May, reflecting a positive trend in economic activity [14][50] - The global CAI has ticked up to +2.3% in May, suggesting a recovery in economic conditions [14][50] - Emerging markets, particularly India, show strong growth signals with a CAI of +7.6% in April [14][50] Summary by Sections Economic Indicators - The report highlights improvements in soft data indicators, particularly in the US, which are expected to positively influence economic growth [2][4] - The Financial Conditions Index (FCI) has eased, primarily due to short-term interest rates, indicating a more favorable financial environment for growth [9][28] Current Activity Indicator (CAI) - The CAI for various regions shows positive growth signals, with the US at +1.6% and global CAI at +2.3% for May [14][50] - Developed markets show a CAI of +1.0%, while emerging markets are significantly higher at +4.1% [14][50] GDP Forecasts - The report indicates a change in GDP forecasts for 2025, with notable increases for India and the US, reflecting stronger economic performance [12][97] - The global GDP forecast has been adjusted, with a focus on emerging markets showing resilience and growth potential [12][97] Inflation and Wage Trends - Wage trackers indicate underlying wage growth across G10 economies, which may influence inflation dynamics [22][69] - The report discusses trimmed core inflation measures, which provide insights into underlying price pressures in the economy [62][94]

USA: GS Economic Indicators Update (Rindels) 7 April 2025 | 1:52PM EDT Please find an update of our proprietary economic indicators below. The data behind these exhibits can be downloaded here. Interactive charts can be found on our living page here. The nominal GS US Financial Conditions Index tightened by 42.5bp to 99.95 over the last week, mostly due to lower equity prices, and the real GS US FCI tightened by 50.2bp to 99.62: Jan Hatzius +1(212)902-0394 | jan.hatzius@gs.com Goldman Sachs & Co. LLC Alec P ...