U.S. Recession Risk Drops to 20%, Goldman Sachs Reports Goldman Sachs has reduced its forecast for a U.S. recession in the next 12 months from 25% to 20%, citing recent positive economic data. This revision comes after strong retail sales figures and a decrease in jobless claims, which have alleviated concerns sparked by July’s high unemployment rate. The bank’s chief U.S. economist, Jan Hatzius, noted that continued economic expansion could align the U.S. more closely with other G10 economies. Goldman Sachs maintains its prediction of a 25 basis point interest rate cut by the Federal Reserve in September, with the possibility of a larger cut if the upcoming August jobs report disappoints. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Nvidia’s Market Cap Worth As Much as the Entire Chinese Stock Market READ MORE JP Morgan Gold Traders Contempt for the Law, Plan to Appeal their Convictions READ MORE High Food Prices Push Americans into Debt for Essentials like Groceries READ MORE McDonald’s $5 Meal Deal Highlights Inflation Battle READ MORE Canada's MSB Registry Under Scrutiny: A Loophole for Financial Crime? READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment