Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
U.S. Recession Risk Decreases Amid Job Market Gains
Goldman Sachs has reduced the probability of a U.S. recession within the next 12 months to 15%, down from 20%, after the September employment data showed robust growth. The Labor Department reported the highest job gains in six months, with unemployment falling to 3.8%.
Labor Market Narrative Shift
Goldman Sachs’ Chief U.S. Economist, Jan Hatzius, noted that the September employment report has "reset the labor market narrative," easing concerns about a rapid weakening in labor demand. The strong job gains suggest the unemployment rate is not expected to rise significantly.
Federal Reserve Rate Outlook and Market Reactions
Goldman Sachs forecasts consecutive 25 basis point cuts by the Federal Reserve, targeting a terminal rate of 3.25-3.5% by June 2025. Hatzius also indicated a reduced risk of a more aggressive 50-basis-point cut. Financial markets have increased the probability of a quarter-point rate cut in November, jumping to 71.5% following the jobs report, as per the CME Group's FedWatch tool.
Job Growth Outlook and Economic Trends
Despite some volatility in job numbers, Goldman Sachs sees no clear signs of persistent negative revisions, crediting steady job growth to strong GDP and high job openings. However, the firm cautions that October's data may be influenced by external factors, such as potential hurricanes and significant strikes, which could affect payroll figures.
Conclusion
With the economy showing resilience through strong job growth and GDP expansion, Goldman Sachs maintains an optimistic outlook on the U.S. economy, while remaining alert to possible short-term disruptions.
