Goldman raises recession odds to 30% on higher inflation, lower GDP outlook as oil prices surge
via publishing.gs.com
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Goldman Sachs is sounding a cautious note on the U.S. economy, raising its inflation forecast and trimming its growth outlook in response to surging oil prices caused by disruptions to the Strait of Hormuz. But even as recession risks climb, most of Wall Street’s base case remains slower growth — not an outright downturn. In […]