Goldman Sachs has revised its estimate of the likelihood of a US recession, reducing it from 35% to 25%. This new estimate is significantly lower than the 65% consensus from the recent Wall Street Journal survey. The adjustment comes in the wake of Friday’s positive jobs report.
The future of the US economy is uncertain, as it remains to be seen whether the country will experience a soft landing or a scenario in which growth increases, leading to rising inflation and potential inflation expectations. This is a concern for the Federal Reserve.
The US stock market has been volatile, with the S&P index dipping below 4100 to a low of 4093.38 before bouncing back to 4111. The decline represented a loss of 0.62%. Meanwhile, the NASDAQ index saw a decline of 0.71%, closing at 11921.73 with a loss of 85 points.
Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.