Goldman Sachs has warned the 's efforts to tame soaring mean that there's a 35 per cent chance of a recession in the next two years. 'Taken at face value, these historical patterns suggest the Fed faces a hard path to a soft landing as it aims to close the jobs-worker gap,' the investment bank's chief economist Jan Hatzius told.Fed chairman Jerome Powell's indication that the reserve bank aims to raise interest rates eight times this year has Goldman jumping in on the dire warnings of an economic contraction, days after inflation jumped to a 41 year-high of 8.5 per cent.
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