Global Views: More Crude, Less Concern

The report highlights reduced global economic risk following the US-Iran agreement, allowing for a lower US recession forecast. Despite a hawkish FOMC, the firm maintains a baseline of no further rate hikes.

Key Takeaways

• 1.US recession risk estimate cut from 25% to 15% due to US-Iran agreement.
• 2.FOMC meeting was more hawkish than expected, but Goldman expects no hikes in baseline.
• 3.Bank of Japan hiked rates to 1%, expecting further gradual increases.

Table of Contents

• Global Views: More Crude, Less Concern
• Disclosure Appendix

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