"The staggering one-two punch of hurricanes Helene and Milton has been one of the most destructive on record, obscuring the view of the U.S. economy, Goldman Sachs said."
"Property damage estimates vary widely but center at a combined $90 billion, revealed an analyst note published on Sunday, led by chief economist Jan Hatzius."
"After weekly jobless claims rose by 14,000 recently in hard-hit states, Goldman sees them climbing further by 5,000-10,000 in the upcoming print."
"GDP will take a 0.3-percentage-point hit in the fourth quarter, but the following quarter will experience a rebound of similar magnitude, analysts said."
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