Goldman Sachs cuts US recession odds to 35 per cent
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Economists at Goldman Sachs Group Inc. boosted their forecasts for US inflation this year and next, in part to account for a weaker dollar following the Trump administration’s tariff announcements.
The S&P 500 is the benchmark index most investors use to measure performance, and for good reason. It comprises 500 of the largest companies in America, crisscrossing industries.The index represents the U.
Goldman Sachs bumped up its forecasts for Chinese economic growth, a day after the U.S. agreed to an unexpectedly large reduction in tariffs on the country's goods. G
Goldman Sachs and Barclays raised their forecasts for Europe's STOXX 600 index on Wednesday, after a string of cuts last month, as renewed optimism following the U.S.-China trade truce lifted investor sentiment and eased concerns over a global recession.
On inflation, the firm sees its preferred ... a 0.3 percentage point raise from the previous forecast. Taken together, Goldman now expects a 35% chance of recession in the next 12 months, up ...
J.P. Morgan chief U.S. economist Michael Feroli has dialed back his forecast for a recession in 2025 to "below 50%," according to a report shared with MarketWatch on Tuesday. Feroli also pushed back the bank's forecast for the timing of the next Federal Reserve interest-rate cut until December.
Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and its allies, OPEC+, to accelerate oil output increases, the bank said in a note dated Sunday.
Markets today eye April CPI data for Fed clues, with futures softer after a tariff-driven rally and key earnings on deck.
President Trump could be basking in a huge W. While campaigning last year, he promised to bring prices down rapidly. He could now claim that he’s done it. Inflation fell to 2.3% in April, which is basically in the normal range. Most prices have stabilized. Some are declining. The inflation shock that began in 2021 is over.