Goldman Sachs Lowers S&P 500 Target, Raises Recession Odds. Why It’s Suddenly Worried. - Barron's
1. Goldman Sachs lowered S&P 500 targets and raised recession odds. 2. S&P 500 forecast reduced by 5%, expected to hit 5,300. 3. Year-end inflation forecast increased to 3.5%, above Fed's 2% target. 4. GDP forecast cut to 1% growth, unemployment expected to rise to 4.5%. 5. Goldman maintains long-term S&P rise outlook despite short-term challenges.