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Goldman Sachs' 12-month recession probability is hovering at 15%, about the "historical unconditional average." A WSJ survey showed the consensus probability of a downturn in the next year dipped below 50% for the first time since mid-2022. Here's how recession expectations have changed over the last 18 months. The consensus among Wall Street economists has shifted again, tilting further in favor of the no recession camp, at least in the near to medium-term. AdvertisementAdvertisement"That model implies larger effects of monetary policy and faster policy transmission than other empirical models," the economists explained in September.
Persons: Goldman Sachs, , That's, Goldman, Stefania D'Amico, Thomas King Organizations: Service, Street, Journal’s, Economic, Goldman Sachs Investment, Chicago, Consumer, Index
Economists from the Federal Reserve Bank of Chicago predict inflation will cool without a recession. "That model implies larger effects of monetary policy and faster policy transmission than other empirical models," the economists said. So far, based on the analysis, tighter policy has resulted in 5.4 percentage points in the level of real GDP and 7.1 percentage points in CPI. That represents about 65% and 75% of the total tightening effects on the levels of real GDP and CPI, respectively, that will occur, according to the model. Policy has reduced total hours worked by about 4 percentage points, or about 40% of the total effect that is ultimately projected.
Persons: Stefania D'Amico, Thomas King, D'Amico, King, Henry Blodget Organizations: Federal Reserve Bank of Chicago, Service, Consumer, Index, CPI Locations: Wall, Silicon
Basta! Let Italians play Italians in movies, actor says
  + stars: | 2023-08-30 | by ( ) www.reuters.com   time to read: +1 min
[1/4] The 80th Venice Film Festival - Photocall for the film "Comandante" in competition - Venice, Italy August 30, 2023. Director Edoardo De Angelis and cast members Johan Heldenbergh, Silvia D'Amico, Pierfrancesco Favino, Massimiliano Rossi pose. REUTERS/Yara Nardi Acquire Licensing RightsVENICE, Aug 30 (Reuters) - One of Italy's most famous actors, Pierfrancesco Favino, on Wednesday said Italian actors should be given a chance to play Italian roles in big international movies. Other Italian roles were taken by Lady Gaga, Jared Leto, Jeremy Irons, Salma Hayek and Al Pacino. "I wish Italian actors ... were more present in international movies where Italian characters are written," said Favino, who was promoting his new Italian-language film "Comandante," which opens the Venice Festival on Wednesday.
Persons: Edoardo De Angelis, Johan Heldenbergh, Silvia D'Amico, Pierfrancesco Favino, Massimiliano Rossi, Yara, Pierfrancesco, Ferrari, Adam Driver, carmaker Enzo Ferrari, Spain's Penelope Cruz, Driver, Maurizio Gucci, Ridley Scott's, Gucci, Lady Gaga, Jared Leto, Jeremy Irons, Salma Hayek, Al Pacino, Favino, Crispian Balmer, Mark Porter Organizations: REUTERS, Venice Film, Venice Festival, Thomson Locations: Venice, Italy, Ridley, Italian
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