Goldman Sachs economist sees US inflation ebbing as recession risk rises ...Qatar

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In the recession debate gripping Wall Street, Goldman Sachs & Co chief economist Jan Hatzius might be considered a cautious optimist. “We don’t have a recession in our base-line forecast,” he told Bloomberg Television’s Surveillance on Friday. “We do have significantly below-trend growth. That rebalances the imbalance in the labour market and that ultimately helps bring inflation back down.” Hatzius spoke before publication of the University of Michigan’s final June reading of longer-term US consumer inflation expectations sparked a stock-market rally on Friday. The report showed the forecast drawing back from an initially reported 14-year high, potentially reducing the urgency for steeper

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Goldman Sachs economist sees US inflation ebbing as recession risk rises ...Qatar

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