BusinessPostCorner.com
No Result
View All Result
Sunday, June 1, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Economic outlook: Goldman cuts recession odds to 20% from 25%

August 17, 2024
in Business
Reading Time: 1 min read
A A
0
Economic outlook: Goldman cuts recession odds to 20% from 25%
ShareShareShareShareShare

Goldman Sachs Group Inc. economists lowered the probability of a US recession in the next year to 20% from 25%, citing this week’s retail sales and jobless claims data.

If the August jobs report set for release on Sept. 6 “looks reasonably good, we would probably cut our recession probability back to 15%, where it stood for almost a year” before a revision on Aug. 2, the Goldman economists led by Jan Hatzius said in a report to clients on Saturday.

A flurry of data showing US economic resilience drove stocks to their best week this year, with dip buyers stepping in after a recent rout. The value of retail sales increased in July by the most since early 2023. Separate government figures showed the fewest applications for unemployment benefits last week since early July.

Goldman economists also said they have become “more confident” the Federal Reserve will cut interest rates by 25 basis points at their September policy meeting, “although another downside jobs surprise on September 6 could still trigger a 50bp move.”

Recommended Newsletter: CEO Daily provides key context for the news leaders need to know from across the world of business. Every weekday morning, more than 125,000 readers trust CEO Daily for insights about–and from inside–the C-suite. Subscribe Now.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Warren Buffett stocks: Coke parallel may be a clue on Apple

Next Post

‘Indiana Jones’ fedora fetches $630,000 at auction

Next Post
‘Indiana Jones’ fedora fetches 0,000 at auction

'Indiana Jones' fedora fetches $630,000 at auction

Apprenticeship shakeup to shift focus to under-21s

Apprenticeship shakeup to shift focus to under-21s

May 26, 2025
Switzerland’s Glencore to cut down output and jobs. ‘These are necessary actions we have to take’ says CEO

Switzerland’s Glencore to cut down output and jobs. ‘These are necessary actions we have to take’ says CEO

May 29, 2025
EU countries push for swift trade deal with Donald Trump

EU countries push for swift trade deal with Donald Trump

May 26, 2025
Thousands to get payouts over forced prepayment meter fitting

Thousands to get payouts over forced prepayment meter fitting

May 28, 2025
Disengaged employees’ high cost: Why culture matters more

Disengaged employees’ high cost: Why culture matters more

May 27, 2025
Half the world population could be diabetic or insulin resistant by 2050

Half the world population could be diabetic or insulin resistant by 2050

May 26, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Pro-EU candidate takes narrow lead in Polish presidential election, exit poll says

Pro-EU candidate takes narrow lead in Polish presidential election, exit poll says

June 1, 2025
Forget tacos, can Trump have his tariff cake and eat it too? Wall Street’s biggest bull thinks so

Forget tacos, can Trump have his tariff cake and eat it too? Wall Street’s biggest bull thinks so

June 1, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!