Goldman Sachs has revised the likelihood of a US recession to 45% as President Trump’s proposed tariffs raise concerns about their impact on the global economy. JP Morgan and other leading investment banks have also upped their predictions of a recession. As a result, Goldman Sachs foresees the Federal Reserve taking action by lowering interest rates starting in June.
Goldman Sachs raises US recession risk to 45% over Trump tariffs, predicts Fed rate cut in June.
In Trend
Government hikes LPG prices for all, raises petrol and diesel duties by Rs 2 per litre.
