Goldman Economists Lift ‘Limited’ US Recession Risk to 25%
- Goldman says data looks ‘fine’ and Fed has room to cut
- Economists predict Fed cutting a quarter point in September
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Goldman Sachs Group Inc. economists increased the probability of a US recession in the next year to 25% from 15%, but said there are several reasons not to fear a slump even after unemployment jumped.
“We continue to see recession risk as limited,” the Goldman economists led by Jan Hatzius said in a report to clients on Sunday.