NEW YORK - Economic growth in developed economies will accelerate next year and investors should buy U.S. stocks, partly on the likelihood that central banks' monetary policies will remain accommodative, Goldman Sachs strategists said on a webcast Monday. The gross domestic product growth of the United States and the United Kingdom will exceed expectations, the strategists said, and U.S. stocks look attractive since the Federal Reserve will likely keep short-term interest rates low. He cited the Fed's stance of keeping policy rates low through "Forward guidance" as a reason to buy U.S. stocks. If investors in general begin to expect higher economic growth, bonds could sell off and result in volatility for stocks, they added.
Source: REUTERS
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