Goldman Sachs Lowers US Recession Probability To 20% On Strong Economic Data The adjustment comes after the investment bank had previously raised the odds from 15% earlier this month. International Business Times · Aug 19, 2024
Goldman Sachs's Jan Hatzius: Markets humble analysts by proving them wrong "It’s been a humbling five years for economic forecasters, with three big errors in consensus forecasts." Fortune · Aug 9, 2024
Experts are warning of a global recession. Here’s what that actually means While warning about a 25 percent chance of an economic downturn, Goldman Sachs said the US economy remains “fine overall,” and that the recession risk is “limited” The Independent UK · Aug 5, 2024
Stock Market Today: Stocks Fall After Fed Official Says There's No Need to Rush Rate Cuts Markets didn't like Fedspeak that downplayed the need for speedy rate cuts. Kiplinger · Jan 16, 2024
Welcome to the era of 'normalization': Why Wall Street is convinced consumers will get comfortable with some economic pains in 2024 Taking a look across the outlooks for next year, there's one word that stands out from Wall Street. "Normal." Fortune · Dec 26, 2023
Wall Street's expecting a soft landing in 2024—but that doesn't mean stocks will soar Economists’ economic outlook ranges from pessimistic to disastrous — here’s why. Fortune · Dec 23, 2023
Goldman Sachs’ chief economist says ‘The Great Disinflation’ is under way—and he expects 3 back-to-back interest rate cuts by summer Goldman’s Jan Hatzius put the odds of a recession at just 15% when much of Wall Street worried about a downturn. Now he’s taking an inflation victory lap. Fortune · Dec 18, 2023
Goldman Sachs’s chief economist says the market may be getting ahead of itself on rate cuts—and decreases won’t come as soon as people hope "The risk of recession is, in my view, quite low. We're at 15% in the next 12 months." Fortune · Dec 11, 2023
Veteran market watcher Komal Sri Kumar warns of a ‘cloud of uncertainty’ and makes a bold call: 'My base case is something breaking…in the next 3 months' Rising interest rates and a shaky commercial real estate sector is weighing on the economy: “You’re operating perennially in a cloud of uncertainty.” Fortune · Nov 27, 2023
Goldman Sachs questions Deutsche Bank and UBS comparisons of the 2020s to other eras Goldman Sachs's Jan Hatzius and David Kostin outlined during a roundtable why their firm is so optimistic about 2024. Fortune · Nov 17, 2023
CEOs say remote work is a disaster for productivity. Goldman’s chief economist says that can't explain the last 15 years An NYU economics professor shocked the profession by arguing that “total factor productivity” is linear, not exponential. Jan Hatzius says he's got a point. Fortune · Nov 14, 2023
Goldman Sachs says the odds of a government shutdown are now 90%—and it could last two to three weeks There have been 14 government shutdowns since 1980, but only three have lasted longer than one week. This time, an extended shutdown could cause more serious economic damage. Fortune · Sep 27, 2023
The odds of a recession are now just 15% because fading inflation and a strong labor market are changing the equation, Goldman Sachs says Positive inflation and labor data has prompted Goldman Sachs' chief economist to rethink the probability of a recession in the next 12 months. Fortune · Sep 5, 2023
‘Imagine no recession, it’s easy if you try.’ Bank of America flip-flops on its recession call, arguing a ‘soft landing’ is on the way The investment bank has been predicting a recession since the summer of 2022. A full year later, it’s having second thoughts. Fortune · Aug 2, 2023
Kiplinger · Aug 2, 2023 Why Investors Needn't Worry About U.S. Credit Downgrade The United States saw its credit rating downgraded for just the second time in history, but experts aren't worried about the long-term damage to stocks.
StockNews.com · Jun 23, 2023 3 Bank Stocks Investors Are After Although there are some signs of stabilization, the stress in the U.S. banking sector remains high, posing a significant threat to economic growth. With investors still concerned about the viability of the banking system, it could be wise to look beyond borders and invest in quality foreign bank stocks Banco…
Fortune · Apr 13, 2023 Goldman Sachs says Fed officials don’t need to spark a recession to tame inflation—but they think otherwise The Fed’s economists expect a “mild recession” this year, but Goldman’s Jan Hatzius says the cooling labor market means a “soft landing” is still possible.
Fortune · Mar 30, 2023 Stocks could surge 14% by the end of the year—oddly, with help from the bank crisis The economy and inflation could slow without the need for many more interest rate hikes—and it would be good news for stocks.
Fortune · Mar 28, 2023 Goldman Sachs says the banking meltdown is a 'headwind' for the economy but not a recession-causing 'hurricane' Goldman's chief economist believes tighter lending standards after SVB's collapse will help fight inflation instead of causing a "hurricane that pushes the economy into recession."
The Independent UK · Mar 14, 2023 Why another high inflation report may not cause Fed to hike The government inflation report being released Tuesday is expected to show that price acceleration in the United States remained chronically high in February, putting the Federal Reserve in an unusually tough position
Fortune · Feb 6, 2023 The blowout jobs report could have just changed the whole year for markets, according to Goldman’s chief economist Robust job growth is great news for the economy, but really changes the Fed’s plans.
Fortune · Jan 17, 2023 Goldman Sachs thinks the economy will actually pull off a soft landing—but adds the S&P will stay flat for a whole year A "soft landing" doesn't mean stock market investors should celebrate. Goldman Sachs' chief U.S. equity strategist is warning the S&P 500 will end 2023 at 4,000.
Fortune · Dec 28, 2022 Goldman Sachs economists keep doubling down on their call that we’ll avoid a recession. Their boss disagrees. What a difference 30% makes. Goldman’s chief economist sees about a one-in-three chance of the economy shrinking, but CEO David Solomon sees it the other way.
Fortune · Dec 12, 2022 All eyes are on Tuesday's crucial inflation report. Here's how the Fed, the economy, and markets may respond Investment banks see inflation falling in November, but that may not be enough to protect the U.S. economy from a recession.
Fortune · Nov 8, 2022 The Fed is pushing the economy ‘quite unnecessarily’ into a recession, J.P. Morgan strategist says A recession is likely next year, but it may have been avoidable.