Goldman Sachs Slashes Recession Fears—Now Bullish on US Growth
Wall Street''s golden child just flipped the script.
Goldman Sachs—yes, the same firm that once warned of economic doom—now says the US might dodge a recession altogether. Their crystal ball’s new prediction? Stronger GDP growth ahead. Cue the confetti cannons.
The Punchline:
After months of hedging bets, Goldman’s economists finally admitted what crypto traders knew all along: traditional models are about as reliable as a meme coin’s whitepaper. But hey—better late than never.
The Fine Print:
No hard numbers here (this isn’t an earnings call), but the message is clear: risk-on mode activated. Whether that means stocks, crypto, or vintage Beanie Babies—well, that’s your gamble.
*Closing thought:* Nothing moves markets like a bank changing its mind… after everyone else already has.
Confident Investing Starts Here:
- Easily unpack a company''s performance with TipRanks'' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks'' Smart Value Newsletter
“Broad financial conditions have now eased back to roughly pre-tariff levels… (and) measures of trade policy uncertainty have moderated a bit following steps toward de-escalation,” said the investment bank.
U.S. Makes Trade Deal Progress amid Soft Inflation
President TRUMP described the U.S. and China’s relationship as “EXCELLENT” after top trade representatives from both countries agreed to a framework deal. The deal is still pending approval from Trump and Chinese President Xi Jinping. In addition, the U.S. and Canada have exchanged a working document back and forth as they negotiate a deal.
As for inflation, May’s consumer price index (CPI) increased by 0.1% month-over-month and 2.4% year-over-year. Economists were expecting 0.2% and 2.4%, respectively, as inflation approaches the Fed’s target of 2%.
Check out TipRanks’ Economic Indicators Dashboard for the latest economic metrics.
