Despite the Federal Reserve’s interest rate hikes, the U.S. economy seems resilient enough, with solid job growth and stable consumer spending. Goldman Sachs sees improved odds of the U.S. economy avoiding a deep recession this year.
Moreover, Chris Williamson, a chief business economist at S&P Global Market Intelligence. Believes, "Despite headwinds from higher interest rates and the cost-of-living squeeze, the business mood has brightened amid signs that inflation has peaked and recession risks have faded."
