Goldman Sachs raises US recession likelihood to 25%, expects Fed to cut interest rates.

Goldman Sachs economists increased the US recession likelihood to 25% within the next 12 months from 15%, while maintaining the risk as limited. The US economy appears stable, but the Federal Reserve is prepared to cut interest rates rapidly if needed. Goldman Sachs predicts a 25 basis point interest rate cut in September, November, and December, with the possibility of a larger cut if the jobs report remains sluggish.

August 04, 2024
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