Goldman Sachs Lowers Recession Risk Estimate as Oil Prices Ease
Goldman Sachs revised its U.S. recession risk estimate downward to 15% from 25%, citing reduced downside risks following the easing of oil prices and a more resilient labor market after an agreement with Iran. The bank notes that lower energy costs could support real income, though it still anticipates moderate growth and potential Fed communication challenges.
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Topics: Federal Reserve Goldman Sachs inflation oil shock recession