Goldman Sachs increases recession expectations to 35% | Forexlive

Goldman Sachs economist Jan Hazius has increased the chances of a US recession to 35% from 25% previously.

Hazius on March 13 said “In light of the stress in the banking system, we no longer expect the FOMC to deliver a rate hike at its next meeting on March 22,”. The Fed did hike rates by 25 basis points after markets stabilize the bit.