Get ready for a long and messy August in the stock markets | Nils Pratley

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Even if a US recession in the next year remains unlikely in the eyes of most economists (a 25% possibility, says Goldman Sachs, upping its forecast from 15%), it’s the difference from previous expectations that moves markets.

Complacency from the US and Japan has fed the turmoil, but a gentle-ish landing is still on the cardsChoose the culprit behind the sudden sell-off in stock markets but a common theme in all top contenders is complacency.

In the first case, it is the US Federal Reserve that stands accused, in the eyes of the market, of being asleep to the risk of a recession in the US.

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Article Details

Author / Journalist: Nils Pratley

Category: Artificial-intelligenceTechnology

Markets: United KingdomJapan

Topics: Business UK news Financial sector Stock markets US economy Artificial intelligence (AI) Federal Reserve US news Investing Nikkei US interest rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 16:45:18 (1 days ago)

News Timezone: GMT +8:00

News Source URL: theguardian.com

Language: English

Article Length: 739 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Guardian

News ID: 21953927

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About The Guardian

Main Topics: Artificial-intelligenceTechnology

Official Website: theguardian.com

Year Established: 1821

Headquarters: United Kingdom

News Last Updated: 1 days ago

Coverage Areas: United Kingdom

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Publisher ID: #122

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