Goldman cuts probability of US economy entering recession from 35% to 25% in the next year

Goldman Sachs Goldman Sachs Goldman Sachs is a multinational investment bank and financial services company headquartered in New York City. It was founded in 1869 and is one of the largest and most well-known investment banks in the world.Goldman Sachs has a mixed reputation. On one hand, it is known for its expertise in investment banking and its role in many high-profile financial deals. On the other hand, it has faced criticism and controversy over the years, including accusations of unethical business practices and con Goldman Sachs is a multinational investment bank and financial services company headquartered in New York City. It was founded in 1869 and is one of the largest and most well-known investment banks in the world.Goldman Sachs has a mixed reputation. On one hand, it is known for its expertise in investment banking and its role in many high-profile financial deals. On the other hand, it has faced criticism and controversy over the years, including accusations of unethical business practices and con Read this Term has cut its probability of a US recession to 25% from 35%. That is less than half the 65% consensus from the latest Wall Street Journal survey.

The cut comes after the better-than-expected jobs data on Friday.

It is still unsure if the US is heading into a soft landing Soft landing A "soft landing" in the economy refers to a situation where economic growth slows down, but does not fall into a recession. This is often the desired outcome for policymakers, as it allows them to make adjustments to the economy without causing widespread job losses or other negative effects associated with recessions.An example of a soft landing in the economy occurred in the United States between the years of 2004 and 2006. During this time, the Federal Reserve raised interest rates to cool do A "soft landing" in the economy refers to a situation where economic growth slows down, but does not fall into a recession. This is often the desired outcome for policymakers, as it allows them to make adjustments to the economy without causing widespread job losses or other negative effects associated with recessions.An example of a soft landing in the economy occurred in the United States between the years of 2004 and 2006. During this time, the Federal Reserve raised interest rates to cool do Read this Term scenario, or a scenario where growth picks up and with it inflation and potentially inflation expectations? That is what the Fed is guarding against.

Meanwhile US stocks are waffling back and forth but in a negative territory. The S&P index fell to a low of 4093.38. That took the price below the 4100 level. However the price has since rebounded back up to 4111. That's down -25.5 points or -0.62%.

The NASDAQ index is down -85 points or -0.71% at 11921.73.