Goldman Sachs preface their expectation with “We see a below-consensus” …
GS have been consistently below consensus with this expectation.
- We see a below-consensus 20% probability of entering a recession over
the next year
- as we think taming inflation will not require a
- we expect the unemployment rate to end the year at
3.5% and remain there for the next few years
Say what you like about JP, but falling inflation and low unemployment argues that he is doing just fine.
This article was written by Eamonn Sheridan at www.forexlive.com. Source