Goldman Sachs reversed its prediction that the United States will enter a recession following President Donald Trump‘s decision to pause reciprocal tariffs on dozens of countries for 90 days.
“Earlier today, before President Trump’s announcement, we had shifted to a recession baseline in response to the additional country-specific tariffs that went into effect this morning,” the Goldman Sachs team, led by Jan Hatzius, said Wednesday. “We are now reverting to our previous non-recession baseline forecast.”
Goldman Sachs issued the note at 2:10 p.m., less than an hour after Trump announced his pause as the administration engages in negotiations with foreign trading partners.
After Trump announced the 90-day pause, the stock market soared. The Dow Jones Industrial Average rose over 2,600 points or nearly 7%, the S&P
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