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Goldman, JPMorgan Say Markets Pricing in Higher Recession Odds
News August 13, 2024 at 04:30 PM
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What You Need To Know
- Equity and bond markets are assigning a 41% probability to a U.S. recession, up from 29% in April, according to Goldman.
- Factors driving the models include market bets on a more aggressive pace of Fed rate cuts and a sharp repricing in Treasurys.
- In the credit and mortgage markets, on the other hand, risk levels aren't signaling much concern.
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