Goldman Sachs, one of the leading investment banks, has upped the chances of a US recession to 45% citing worries over President Trump’s tariff proposals and their impact on the global economy. This shift in forecast comes as other major players in the financial sector, like JP Morgan, have also revised their recession risk estimations. As a result, Goldman Sachs is now expecting the Federal Reserve to kick off interest rate cuts as early as June. The concerns stem from the potential disruptions that the proposed tariffs could pose to the worldwide economic landscape. The move by these prominent financial institutions signals a growing unease among investors and analysts about the future economic outlook.