Recession Fears Ease Partly Due to Debt Deal Preventing ‘Remote’ Chance of Default: Market Analyst

Goldman Sachs has lowered its projected chances that the U.S. will fall into a recession. That follows the passage of the debt limit deal, which is now saying the nation has a 25 percent chance of entering a recession, whereas right after the collapse of Silicon Valley Bank, it was 35 percent. Joseph Trevisani, a senior analyst at FXStreet, told NTD that since the debt deal has eliminated the small chance of default, forecasters will consider that, thus impacting the long-term view on the chance of a recession.