Wall Street bank raises alarm over US economy ...News

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Wall Street bank raises alarm over US economy
source : Russia Today ( News ) () 35
Goldman Sachs predicts a 35% chance of a recession within the next two years The Federal Reserve will face a difficult task in tightening monetary policy enough to cool inflation without causing a recession in the United States, Goldman Sachs Chief Economist Jan Hatzius wrote in a research report on Sunday and seen by Bloomberg. The analyst sees the odds of economic contraction at about 35% within the next two years. According to the report, the regulator’s main challenge is to narrow the gap in what is a plentiful supply of jobs but scarce labor supply. The Fed also needs to slow wage growth to a pace consistent

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