Goldman boosts recession odds but sees ‘limited’ risk of downturn ...Middle East

Goldman Sachs increased their odds of a recession in the next year Monday following consecutive days of an equity market selloff, though the investment bank sees the risk of a serious downturn as “limited.” The bank boosted its year-ahead recession probability by 10 percentage points to 25 percent while noting that it expects the Federal Reserve to cut interest rates at each of its next three meetings this year. “We continue to see recession risk as limited because the data look fine overall, we do not see major financial imbalances, and the Fed has 525 [basis points] of room to cut to support the economy,” Goldman Sachs said in an analysis. Markets opened way down on Monday morn

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Last updated : 05 August 2024 clock 06:45 PM

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Goldman boosts recession odds but sees ‘limited’ risk of downturn ...Middle East

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