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ICYMI - Goldman Sachs CEO Solomon sees a 2/3 chance of a US recession in 2023

ICYMI - Goldman Sachs CEO Solomon sees a 2/3 chance of a US recession in 2023

Goldman Sachs CEO spoke at a Wall Street Journal's event on Tuesday (US time).

Some points he made:

  • probability of a "soft landing", that is, a slowdown in inflation that doesn't tip the economy into recession for the US economy at 35%
  • "I would define a soft landing as we get inflation back close to 4% inflation, maybe we have a 5% terminal rate and we have 1% growth"
  • "I think there's a reasonable possibility we could navigate a scenario like that."
  • "B... Read More
Posted: Dec 6 2022, 21:36
Author Name: forexlive
Views: 111612

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