Goldman Sachs Lowers Recession Odds Amid Positive Economic Signals
==========
Goldman Sachs lowers U.S. recession probability from 25% to 20% due to positive retail sales and jobless claims data; July retail sales increased by 1%, surpassing expectations of 0.3%; July jobs report showed only 114,000 new jobs, below the expected 185,000; Chief U.S. economist Jan Hatzius expresses optimism, stating no signs of recession; upcoming jobs report on September 6 may further lower recession odds to 15%; Rashmi Garg from Al Dhabi Capital predicts a possible 0.25% rate cut by the Federal Reserve; less than 5% of S&P companies mentioned recession in Q2 earnings calls; Claudia Sahm notes current indicators do not suggest imminent recession; consumer spending trends favor essentials over discretionary items; analysts caution about geopolitical disruptions and labor market shifts; overall economic conditions remain stable with cautious optimism.
#GoldmanSachs #Recession #Economy #RetailSales #JoblessClaims #FederalReserve #ConsumerSpending #EconomicIndicators #S&p500 #Optimism
https://evrimagaci.org/tpg/goldman-sachs-lowers-recession-odds-amid-positive-economic-signals-31190
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2024-08-19 21:23:08
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npub1pm5nf0vv5h8syx449lu2tr45ljdjhpz6lt6sncttxvdd0ft4djeqmc82t3Published at
2024-08-19 21:23:08Event JSON
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"content": "Goldman Sachs Lowers Recession Odds Amid Positive Economic Signals\n==========\n\nGoldman Sachs lowers U.S. recession probability from 25% to 20% due to positive retail sales and jobless claims data; July retail sales increased by 1%, surpassing expectations of 0.3%; July jobs report showed only 114,000 new jobs, below the expected 185,000; Chief U.S. economist Jan Hatzius expresses optimism, stating no signs of recession; upcoming jobs report on September 6 may further lower recession odds to 15%; Rashmi Garg from Al Dhabi Capital predicts a possible 0.25% rate cut by the Federal Reserve; less than 5% of S\u0026P companies mentioned recession in Q2 earnings calls; Claudia Sahm notes current indicators do not suggest imminent recession; consumer spending trends favor essentials over discretionary items; analysts caution about geopolitical disruptions and labor market shifts; overall economic conditions remain stable with cautious optimism.\n\n#GoldmanSachs #Recession #Economy #RetailSales #JoblessClaims #FederalReserve #ConsumerSpending #EconomicIndicators #S\u0026p500 #Optimism\n\nhttps://evrimagaci.org/tpg/goldman-sachs-lowers-recession-odds-amid-positive-economic-signals-31190",
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