Goldman Sachs now expect only a 20% chance of a US recession in the next 12 months

<p>Goldman Sachs preface their expectation with "We see a below-consensus" …</p><p>GS have been consistently below consensus with this expectation. </p><ul><li>We see a below-consensus 20% probability of entering a recession over
the next year</li><li> as we think taming inflation will not require a
recession</li><li>we expect the unemployment rate to end the year at
3.5% and remain there for the next few years</li></ul><p>Say what you like about JP, but falling inflation and low unemployment argues that he is doing just fine. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.