Goldman Sachs has increased the probability of a US recession to 45% due to concerns over President Trump’s proposed tariffs and their potential disruption to the global economy. Several other major investment banks, including JP Morgan, have also raised their recession risk predictions. Consequently, Goldman Sachs now anticipates the Federal Reserve to begin cutting interest rates in June. Post navigation Warren Buffett defies market trend! World’s 6th richest person gains $12.7 billion in net worth even as other billionaires lose money in crash Govt raises LPG price for all categories; special excise duty on petrol, diesel