Goldman Sachs Predicts Potential Fed Rate Cut in September as Recession Risk Decreases
TLDR Goldman Sachs has reduced its 12-month U.S. recession probability from 25% to 20% Recent economic data, including strong retail sales and lower jobless claims, prompted the revision Goldman Sachs economists are more confident in predicting a 25-basis-point rate cut by the Fed in September The August jobs report, due September 6, could further influence [...] The post Goldman Sachs Predicts Potential Fed Rate Cut in September as Recession Risk Decreases appeared first on Blockonomi.