🚨 Goldman Sachs Warns: Recession Odds Spike and Fed Rate Cuts Loom Amid Surging Unemployment! 🚨
Goldman Sachs has raised its recession-probability odds to 25%, up from 15%, citing weak employment data. They now anticipate rate cuts at each Federal Reserve meeting this year.
Key Points:
📉 Unemployment Concerns: Despite the rise in the unemployment rate, Goldman Sachs believes the current situation is less alarming than usual.
📊 Recession Probability: Odds increased to 25%, the first hike since the March 2023 banking stress.
💰 Interest Rate Cuts: Goldman expects the Fed to implement rate cuts at every meeting this year, with an additional cut forecasted for November.
🚨 Potential for Larger Cuts: If the August employment report mirrors July's weakness, a 50 basis point cut is likely in September.
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