U.S. inflation slows to 3.2% in October
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Goldman Sachs says 2024 recession probability now at 15%
November 14, 2023 11:52 AM ESTLooking to 2024, Goldman Sachs said in a note to clients this week that they see the US Federal Reserve delivering its first rate cut in the fourth quarter of next year once core PCE inflation falls below 2.5% while the probability of a recession over the next 12 months is at 15%.
In the note laying out its view for 2024, the investment bank declared that the hard part of the inflation... More
