Goldman Sachs has recently raised the probability of a US recession to 45%, citing concerns over President Trump’s proposed tariffs and their potential impact on the global economy. This move comes as several other prominent investment banks, such as JP Morgan, have also increased their predictions for a potential recession. As a result of these growing worries, Goldman Sachs now expects the Federal Reserve to start reducing interest rates as early as June. The heightened uncertainty surrounding trade tensions and their possible repercussions on economic growth have led to these revised forecasts by leading financial institutions. The prospect of a US recession has caused significant ripples in the financial markets, with investors closely monitoring the situation for any further developments.