Reported about 11 hours ago
As the US economy approaches a potential stall, Goldman Sachs Chief Economist Jan Hatzius highlights concerning trends in the labor market, indicating that job creation has significantly decelerated, resulting in a rise in unemployment rates. While there is a 30% probability of a recession in the next year, Hatzius suggests that vigilance is essential as policymakers consider monetary rate cuts, which may help stabilize the economy moving into 2026.
Source: YAHOO