US Treasury Secretary Bessent paves the way for a recession - can't guarantee no recession
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US Treasury Secretary Scott Bessent indicated a potential recession in a recent interview, stating, "There are no guarantees" regarding economic stability. He acknowledged the current lower stock market as unhealthy and appears to be preparing the public for economic downturn. Additionally, Goldman Sachs has revised its oil price forecasts, lowering the December 2025 Brent crude price by $5 to $71 per barrel, and WTI to $67 per barrel, reflecting concerns over an impending slowdown.
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