scorecardresearchGoldman Sachs raises probability of U.S. recession in 2023 to 30%

Goldman Sachs raises probability of U.S. recession in 2023 to 30%

Updated: 21 Jun 2022, 03:21 PM IST
TL;DR.
The latest forecast comes about a week after the U.S. Federal Reserve rolled out its biggest rate hike since 1994 to stem a surge in inflation and as several other central banks also took aggressive steps to tighten monetary policy.
Federal Reserve Chairman Jerome Powell's news conference is displayed on televisions while traders work on the floor at the New York Stock Exchange in New York, Wednesday, June 15, 2022. The Federal Reserve intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession. (AP Photo/Seth Wenig)

Federal Reserve Chairman Jerome Powell's news conference is displayed on televisions while traders work on the floor at the New York Stock Exchange in New York, Wednesday, June 15, 2022. The Federal Reserve intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession. (AP Photo/Seth Wenig)