
Goldman Sachs Predicts Recession Risk and Inflation Spike Due to Trump Tariffs
Goldman Sachs, a major financial firm, is warning that President Trump’s tariffs could trigger a significant rise in inflation and increase the chances of a recession. Inflation Concerns The firm forecasts core inflation (excluding food and energy) to hit 3.5% this year. This is a full 1.5% above the Federal Reserve’s target of 2%, a…