Posted 3/20/2024, 11:00:00 AM

Goldman Sachs: US Recession Unlikely Despite High Inflation and Interest Rates

Goldman Sachs economist says US economy is nowhere near a recession and soft landing is still on track
Inflation has come down substantially without significant economic weakness or recession
Forecasts just 15% chance of recession in next 12 months, average risk level
Expects Fed to start cutting interest rates in June to ease high borrowing costs
Main worries are unpredictable shocks like geopolitical conflicts or a new pandemic

cnn.com