{"id":57192,"date":"2023-09-05T13:57:48","date_gmt":"2023-09-05T17:57:48","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/goldman-sachs-is-more-optimistic-than-most-about-u-s-growth-heres-why\/"},"modified":"2023-09-05T13:57:51","modified_gmt":"2023-09-05T17:57:51","slug":"goldman-sachs-is-more-optimistic-than-most-about-u-s-growth-heres-why","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=57192","title":{"rendered":"Goldman Sachs Is More Optimistic Than Most About U.S. Growth. Here’s Why."},"content":{"rendered":"
\n
<\/p>\n

<\/p>\n

<\/p>\n<\/figure><\/div>\n

For the third time since June, Investment bank
\n Goldman Sachs
\n lowered the odds on a recession hitting the U.S. in the next 12 months.<\/p>\n

It now sees the chances of a contraction at 15%, down from a probability of 20% in July. It had the odds at 35% in March as regional banks were roiled by market turmoil.<\/p>\n

\n

To be sure, Goldman Chief Economist Jan Hatzius still sees a slowdown in the fourth quarter. But it will be \u201cshallow and short-lived,\u201d he said in a Monday note. Economists in a Bloomberg survey see about a 60% chance of recession in the coming year as an aggressive campaign of interest-rate increases hits the economy.<\/p>\n

Goldman\u2019s change of forecast comes after jobs data that showed an increase in unemployment. Hatzius isn\u2019t concerned\u2014the rise in the unemployment rate came from more labor force participation. Meanwhile, the inflation index is being distorted. Underlying inflation may already be near the Fed\u2019s target, he said.\u00a0<\/p>\n

That\u2019s set the U.S. up nicely for a so-called soft landing. Hatzius says his confidence that the Fed is done raising rates has only increased in the past month.<\/p>\n

The nice outlook for the economy may not help stocks much, however. Goldman\u2019s equity strategists\u2019 forecasts suggest most gains from a soft landing and an artificial intelligence boom have already been realized, Hatzius said.<\/p>\n

Write to Brian Swint at brian.swint@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

For the third time since June, Investment bank Goldman Sachs lowered the odds on a recession hitting the U.S. in the next 12 months. It now sees the chances of a contraction at 15%, down from a probability of 20% in July. It had the odds at 35% in March as regional banks were roiled […]<\/p>\n","protected":false},"author":1,"featured_media":57193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-57192","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nGoldman Sachs Is More Optimistic Than Most About U.S. Growth. Here's Why. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"For the third time since June, Investment bank Goldman Sachs lowered the odds on a recession hitting the U.S. in the next 12 months. 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