Core Viewpoint - Goldman Sachs Asset Management's 2026 investment outlook report indicates a divergence in central bank policies across major markets, influenced by varying economic conditions [1] Group 1: U.S. Market - The labor market is showing signs of weakness, leading Goldman Sachs to predict that the Federal Reserve may cut interest rates twice in 2026 [1] Group 2: European Market - The European Central Bank is expected to maintain interest rates at their current levels for the foreseeable future [1] - The Bank of England may resume rate cuts in December, contingent on improvements in inflation, a relatively weak labor market, and potential tax increases [1] Group 3: Japanese Market - High inflation and strong growth in Japan may prompt the Bank of Japan to raise interest rates [1] - Recent political changes and a shift towards expansionary fiscal policy further reinforce the likelihood of this direction [1]

Core Viewpoint - Goldman Sachs Asset Management released its 2026 investment outlook report, indicating a potential divergence in central bank policies across major markets [1] Group 1: U.S. Market - The report anticipates that the Federal Reserve may lower interest rates twice in 2026 due to a weak labor market [1] Group 2: European Market - The European Central Bank is expected to maintain interest rates at current levels for the foreseeable future [1] - The Bank of England may resume rate cuts in December, influenced by improving inflation, a relatively weak labor market, and potential tax increases [1] Group 3: Japanese Market - High inflation and strong growth in Japan may lead to an interest rate hike by the Bank of Japan [1] - Recent political changes and a shift towards expansionary fiscal policy further reinforce this direction [1]

Core Viewpoint - The European Central Bank (ECB) may need to maintain interest rates at their current levels for an extended period [1] Group 1 - ECB Governing Council member Knot suggests that the current economic conditions may warrant a prolonged period of stable interest rates [1]