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Goldman Economist Sees US Inflation Ebbing as Recession Risk Rises

  • Bond breakevens signal entrenched inflation not expected
  • He places 50% odds on shallow US recession in next two years
Jan Hatzius

Jan Hatzius

Photographer: Christopher Goodney/Bloomberg

In the recession debate gripping Wall Street, Goldman Sachs & Co. Chief Economist Jan Hatzius might be considered a cautious optimist.

“We don’t have a recession in our base-line forecast,” he told Bloomberg Television’s Surveillance on Friday. “We do have significantly below-trend growth. That rebalances the imbalance in the labor market and that ultimately helps bring inflation back down.”