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 Oil Prices Set for Stability in 2024, Say Industry Experts READ MORE U.S. Wholesale Inflation Steady at 0.2% in August, Core Prices Edge Higher READ MORE Silver Institute: World Silver Survey 2024 READ MORE Latest Inflation Data Shows Fed Has More Work to Do READ MORE JP Morgan Gold Traders go to Jail, while JP Morgan exits DoJ ‘Sin Bin’ READ MORE Add a Comment Cancel replyYour email address will not be published.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