Brighter Outlook: Goldman Sachs Optimistic On U.S. Economy, Cuts Recession Risk Down To 20%
Portfolio Pulse from Bibhu Pattnaik
Goldman Sachs has revised the U.S. recession risk down to 20% due to positive economic data, including strong retail sales and low jobless claims. The upcoming jobs report on September 6 could further reduce the recession risk to 15%. Goldman Sachs also anticipates a potential 25 basis point interest rate cut by the Federal Reserve in September.
August 18, 2024 | 1:45 pm
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Goldman Sachs has revised the U.S. recession risk down to 20% due to positive economic data, including strong retail sales and low jobless claims. The upcoming jobs report on September 6 could further reduce the recession risk to 15%. Goldman Sachs also anticipates a potential 25 basis point interest rate cut by the Federal Reserve in September.
Goldman Sachs' optimistic outlook on the U.S. economy and the potential for a Federal Reserve interest rate cut are likely to positively impact its stock price in the short term. The reduction in recession risk and strong economic data bolster investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100