Goldman Sachs drops its call for a Fed interest-rate hike in June

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Goldman Sachs
Goldman Sachs has dropped its prediction that the Federal Reserve will raise interest rates in June.

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The bank crisis has raised the odds of a recession in the next year to 35%, according to Goldman Sachs

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SVB
Silicon Valley Bank was shut down by regulators on Friday.

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The Fed may hike interest rates another 3 times this year, Goldman says - and that would dial up pressure on stocks

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Traders on the floor of the New York Stock Exchange (NYSE)
Traders.

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Jobs numbers are so high that the Fed won't support stocks by cutting rates until 2024, Goldman Sachs chief economist says

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now hiring sign with person in front of it
The US economy added 517,000 payrolls in January, according to Friday's jobs report.

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A US debt default or even a near-nonpayment could plunge the economy into recession, top Goldman Sachs economist says

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The US Capitol is seen in Washington, DC
The US has hit the $31.4 trillion borrowing limit.

(Photo by Stefani Reynolds / AFP) (Photo by STEFANI REYNOLDS/AFP via Getty Images)

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