Goldman Sachs cuts 12-month US recession probability

A trader sits at a table in front of Goldman Sachs screens at the stock exchange in New York, U.S. Goldman Sachs on Thursday trimmed its U.S. recession probability to 30 per cent from 35 per cent for the next 12 months on easing uncertainty around President Donald Trump's tariff policies after the U.S. and China affirmed a trade deal. Earlier this week, negotiators from Washington and Beijing agreed on a framework covering tariff rates with the deal seeing removal of Chinese export restrictions on rare earth minerals and giving Chinese students access to U.S. universities. Investors breathed a sigh…