Reported about 2 months ago
Goldman Sachs' chief economist, Jan Hatzius, has lowered the probability of a U.S. recession in the next year from 25% to 20%, citing improved economic data and strong corporate earnings. Following a weak jobs report earlier this month, Hatzius' new stance reflects optimism as key metrics, including services sector activity and retail sales, have shown resilience. This shift in outlook suggests the Federal Reserve may only implement a 25 basis point rate cut in September instead of a more aggressive 50 basis points.
Source: YAHOO