_{FINANCIAL NEWS}

Goldman Sachs Raises US Recession Risk to 25%: Report

Goldman Sachs economists increased the probability of a U.S. recession within the next year from 15% to 25%. Despite this, they view the risk as limited, citing the Federal Reserve's ability to cut interest rates if needed. Recent data, such as slower job growth and a rise in unemployment, contributed to this outlook. The economists anticipate that job growth will recover in August, potentially leading the Fed to reduce rates by 25 basis points, though a weaker report could result in a larger cut.

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_{ECONOMIC NEWS}

July Jobs Report Triggers Reliable Recession Signal

The weaker-than-expected July jobs report indicated a potential recession, with only 114,000 jobs added and the unemployment rate rising to 4.3%. This triggered the Sahm rule, a reliable recession indicator, causing market sell-offs. Economists note that job growth might improve in August, prompting the Fed to consider interest rate cuts. However, concerns remain about economic health due to ongoing inflation and high interest rates.

For more details, you can read the full article here.