Goldman Launches DOGE Tracker To Monitor Real-Time DC Economic Impact
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Goldman Sachs has launched a new Monthly U.S. Government Activity Tracker to monitor the economic impact of federal agency restructurings in Washington, DC, particularly in light of significant job cuts and spending reductions. Chief Economist Jan Hatzius reported that 49.3k federal employees have been affected, with initial unemployment claims rising. While federal spending cuts are confirmed, the overall labor market impact remains minimal. Consumer sentiment among federal workers has declined, and companies exposed to government spending cuts are experiencing market performance declines. Hatzius suggests limited macroeconomic implications from these changes.
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