Goldman Sachs is sounding the alarm, increasing the odds of a US recession next year from 15% to 25%! But, they're also saying "don't panic just yet."
They think the economy is still in good shape, and the Fed has got some tricks up its sleeve to prevent a full-blown recession. They're predicting some interest rate cuts, but not as drastic as others are forecasting. And, they're skeptical that the labor market is going to tank anytime soon.
So, it's a mixed bag - cautious but not catastrophic. Fingers crossed!