does it mean we are going up?
“Goldman’s chief economist, Jan Hatzius, trimmed the probability of a recession in the next 12 months to 20% from 25% — well below the 54% median among forecasters who participated in the last Wall Street Journey survey.
“The main reason for our cut is that the recent data have reinforced our confidence that bringing inflation down to an acceptable level will not require a recession,” said Hatzius.
Gross domestic product is tracking at a 2.3% annual rate, he said, as consumer sentiment has rebounded, unemployment has fallen back and jobless claims have reversed much of their minispike.”
source: https://tradeui.com/thread/58
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