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Goldman Sachs Lowers Forecast For US Recession in 12 Months, Market Confidence Rises
2023-6-12
Goldman Sachs lowered its forecast for the probability of a US recession in the next 12 months to 25%. The pressure on the US banking industry has eased and the White House and House Republicans have reached an agreement on the debt ceiling issue.
Market confidence rose. Anticipations of a soft landing strengthened.
The weekly employment data shows that the US job market is gradually cooling down.
Market confidence rose. Anticipations of a soft landing strengthened.
The weekly employment data shows that the US job market is gradually cooling down.
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