Wall Street bank raises alarm over US economy

The Federal Reserve

Goldman Sachs predicts a 35% chance of a recession within the next two years .

The Federal Reserve will face a difficult task in tightening monetary policy enough to cool inflation without causing a recession in the United States, Goldman Sachs Chief Economist Jan Hatzius wrote in a research report on Sunday and seen by Bloomberg. The analyst sees the odds of economic contraction at about 35% within the next two years.

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