Goldman Sachs cuts US recession odds to 35 per cent from 45 per cent on trade truce optimism

Goldman Sachs cut its recession forecast for the US to 35 per cent from 45 per cent, the first major brokerage to do so, after a temporary tariff truce with China boosted hopes of some easing in the global trade war.

On Monday, the US and China agreed to reduce tariffs on each other’s imports for 90 days, with the US lowering its tariffs on Chinese goods to 30 per