Goldman Sachs Cuts Recession Odds: U.S. Trade Deal Fuels Optimism

Goldman Sachs has revised its recession probability for the U.S., decreasing it from 45% to 35%. This shift stems from a recently agreed-upon trade truce between the U.S. and China, which has led to reduced tariffs and altered economic expectations. The impact was immediate, with the Dow Jones Industrial Average experiencing a 1,000-point surge in response to this optimistic development.