The Clap According to Goldman Sachs economists, a soft landing for the economy is still on the table.
The deets Goldman Sachs believes data are pointing towards hope for a soft landing for the economy & the Fed. Despite the labor market taking a slight step back, core inflation is showing promising signs due to both monetary policy & decreased pressure on supply chains.
Why this matters A soft landing refers to avoiding a recession. And while the U.S. economy has already contracted in Q1-2022, Goldman Sachs economists believe other measures “imply that output is still expanding.”