Goldman economist sees U.S. inflation ebbing as recession risk rises
In the recession debate gripping Wall Street, Goldman Sachs & Co. Chief Economist Jan Hatzius might be considered a cautious optimist. “We don’t have a recession in our base-line forecast,” he told Bloomberg Television’s Surveillance on Friday. “We do have significantly below-trend growth. That rebalances the imbalance in the labor market and that ultimately helps bring inflation back down.” Hatzius spoke before publication of the University of Michigan’s final June reading of longer-term US consumer inflation expectations sparked a stock-market rally on Friday. The report showed the forecast
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