Goldman Sachs, Rate Cuts and Recession Fears
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Gen Z and millennials spend around three times as much as baby boomers do on fitness, according to data from Bank of America.
Investors in financial derivatives called U.S. inflation swaps are betting that President Donald Trump's tariffs will have a hefty short-term impact on consumer prices that will recede in the next few years as recession concerns escalate.
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Economists have offered their views on whether Trump's "Liberation Day" will spell triumph or disaster for the U.S. economy.
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There's no way around turning on the news and seeing some new ingredient added to the stew that is economic volatility, inflation and impending recession. Many chief financial analysts, officers
Goldman Sachs strategists slashed their stock market forecasts as well, calling for the already limping S&P 500 to decline a further 5% by the end of June.
Investment bank Goldman Sachs has warned that U.S. President Donald Trump's sweeping new tariffs may spike inflation and shrink the economy in coming months to the point of a recession.
Wall Street firms are warning that the risk of the U.S. economy falling into a recession are rising as President Trump's tariff plans could lead to an escalation of the trade war.
Goldman Sachs raised the probability of a U.S. recession to 35% from 20% and said it expects more rate cuts by the Federal Reserve, as President Donald Trump's tariffs roil the global economy and upend financial markets.