With recession calls on Wall Street picking up as the Federal Reserve embarks on what could be up to eight interest rate hikes this year, Goldman Sachs no longer wants to be left out of the growing crowd.
“Our analysis of historical G10 episodes suggests that although strong economic momentum limits the risk in the near-term, the policy tightening we expect raises the odds of recession. As a result, we now see the odds of a recession as roughly 15% in the next 12 months and 35% within the…
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