Goldman sees a ‘feasible but difficult path’ for the Fed to defeat inflation without a recession


Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022 in Washington, DC.

Kent Nishimura | Los Angeles Times | Getty Images

The Federal Reserve’s path to bringing down runaway inflation while keeping the economy from slipping into a major downturn is still open but is getting narrower, according to Goldman Sachs.

As the central bank looks to keep raising interest rates, the economy is teeming with mixed signals: rapidly rising payroll figures against sharply declining housing numbers, falling gasoline prices vs. surging shelter and food costs, and low consumer sentiment against steady spending numbers.

Amid it all, the Fed is…


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