S&P 500, Nasdaq close lower, weighed by growth stocks
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Goldman Sachs believes US will avoid recession, progress toward a soft landing
December 27, 2022 10:29 AM ESTIn a note to clients Tuesday, Goldman Sachs analysts said that the firm's most out-of-consensus forecast for 2023 is its call that the US will avoid a recession and continue progressing toward a soft landing.
The analysts explained that the forecast, in part, reflects its view that a period of below-potential growth is enough to gradually rebalance the labor market and dampen wage and price pressures.
"It also reflects our... More
