Goldman Sachs lowers odds of US recession to 15% after better-than-expected jobs report
Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months by five percentage points to 15%, following the latest employment report that showed better-than-expected data.
The Wall Street brokerage maintained its forecast of consecutive 25 basis points cuts to reach a terminal rate of 3.25-3.5% by June 2025.
“More broadly, we see no obvious reason for job growth to be mediocre at a time when job openings are high and GDP (gross domestic product) is growing strongly,”
This article was written by Ryan Paisey at www.forexlive.com.
