Goldman Sachs economists have increased the probability of a recession in the US from 15 to 25%, but note that there is no need to fear a recession even with rising unemployment, since the economy as a whole is in good shape, there are no large financial imbalances, and the Fed can quickly lower interest rates if necessary. Bloomberg writes about this.
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Last week, the US employment report was released, showing worse figures than expected. Hiring slowed markedly in July, and unemployment rose to its highest level in nearly three years.
These facts have raised concerns that the Fed will delay cutting rates.
Against this backdrop, the stock and cryptocurrency markets are experiencing a collapse, which has been exacerbated by a record decline in the Japanese market.
Related: Stock markets have fallen sharply
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