Reported about 2 months ago
Goldman Sachs Chief Economist Jan Hatzius has decreased the likelihood of a recession within the next year from 25% to 20%, citing encouraging retail sales, reduced jobless claims, and robust second-quarter earnings. He anticipates a further cut to 15% if August job reports are favorable. This reduction supports the forecast of modest rate cuts by the Federal Reserve, with expectations of a 25 basis point cut in September and additional cuts in November and December.
Source: YAHOO