After Non-Farm Payrolls, Wall Street drastically changes the script! Goldman Sachs raises the possibility of a recession in the United States next year

Goldman Sachs raises the possibility of a US recession next year to 25%. Goldman Sachs believes that despite the rise in unemployment, there should not be excessive concern about an economic recession, as the overall performance of the US economy is good and financial imbalances are limited. Goldman Sachs predicts that the Federal Reserve will cut the benchmark interest rate by 25 basis points in September, November, and December. JPMorgan Chase and Citigroup expect the Fed to cut rates by 50 basis points in September, with Citigroup being the most aggressive. Bank of America expects the Fed to cut rates by 25 basis points at the September meeting. Morgan Stanley predicts that the Fed will cut rates by 75 basis points in 2024. Goldman Sachs economists say that if the August non-farm payroll report is as weak as July's, the Fed is likely to take more aggressive rate-cutting measures