The bank said Tuesday that the odds the US suffers a severe economic slump within the next 12 months are now just 1-in-7.
There's now just a 15% chance the US suffers a recession over the next 12 months, according to Goldman Sachs.There's now just a 15% chance of a US recession over the next 12 months, according to Goldman Sachs."Our confidence that the Fed is done raising rates has grown," economist Jan Hatzius said.
The odds of the US suffering a severe economic slump anytime soon have dropped to just 1-in-7 with the Federal Reserve close to calling time on its war against inflation, according to Goldman Sachs. The bank said Tuesday that there's now just a 15% chance the US slips into a recession over the next 12 months, down fromChief economist Jan Hatzius said Goldman Sachs had changed its outlook because it's increasingly confident that the Fed is done hiking interest rates, having"On net, our confidence that the Fed is done raising rates has grown in the past month," he wrote in a research note.
In recent months, cooling inflation and the first signs of labor market weakness appear to have made it less likely that the Fed will press ahead with further interest-rate hikes.
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