Goldman Sachs Cuts U.S. Recession Risk to 15% From 25%, Expects No Fed Rate Hikes

According to Goldman Sachs, the bank has lowered its U.S. recession risk forecast to 15% from 25% following the U.S.-Iran agreement and a significant decline in energy prices. The investment bank expects the Federal Reserve will not raise interest rates, citing moderate GDP growth projected around 2% and potential disinflation, despite recent hawkish signals from Fed Chair Kevin Warsh at his first FOMC meeting.
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