Goldman Sachs lowers recession forecast as ‘Goldilocks’ debate heats up
Goldman Sachs now sees just a 20% chance the US economy will enter a recession in the next 12 months.
The firm had previously projected a 25% chance for a recession and remains well below the consensus estimates it cited from the Wall Street Journal that showed a 54% chance.
“The recent data have reinforced our confidence that bringing inflation down to an acceptable level will not require a recession,” Goldman Sachs chief economist Jan Hatzius wrote on Monday in a note titled “The Narrative Turns.”
Investors have been closely watching for signs of whether the Federal Reserve’s interest rate…
