Goldman Sachs reduced the probability of a recession in the United States to 15% after strong employment data better than expected by the end of last week's trading, and the bank maintains expectations of lowering interest rates to 3.25:3.5% by 2025.
Goldman Sachs reduced the probability of the US slipping into recession in the next 12 months by five percentage points to reach 15%, and also maintained its forecast of cutting interest rates by 25 consecutive basis points to reach a final rate of 3.25% to 3.5% by June 2025.
Goldman also admitted that the labor market is still softer than it was before the pandemic, and we do not see an obvious reason for modest job growth at a time when GDP is growing strongly.
