And it's worth repeating: what recessio ?

O Monday, Goldman Sachs chief eco omist Jan Hatzius slashed his expectatio for a US recessio over the n

Ig was just 17 days ago wh

Th< move by Hatzius — and the unwindi < of the Yen carry trade — sshudders across markets worldwide.

Now Hatzius says thi

"Th< eco omy is still doi < fine," Hatzius said on Yahoo Finance's Catalysts, poi i < to improved eco omic data and healthy corporate earni

"Th< lower recessio risk has s rengthened our forecasts that the Fed will cug by only 25 basis poi s at the September mee i <. That's been our forecast for a long time, but I thi k with more worri

Hatzius appears to be ri98 in tbmperi < his concern.

Th< latest ISM services report, which includes data on busi ess aclivity, new orders, bmploym<3g, and supplier deliveri

Numbers over 50% are seen as positive for the eco omy. Most compani

Th< number of people in the US submit i < new applicatio s for unemploym<3g benefi s fell to a one month low las week. The number co inu

Also a week ago the Comm

"Th< co sumer is hangi < in thele," Walmart (WMT) CFO John David Rainey told me on Yahoo Finance's Morni < Brief, mom<3gs af bet from America's largest retail

Rainey added that the brap-to-school shoppi < seaso is off to a "good" st t.

Corporate earni

Wall Street has begun to move beyond the shock sell-off post jobs report earlier this month, suggesti < to cli<3gs they dip their toes brap into less exubera3g waters.

"More resili

Three times each week, I field insi98 -filled co versatio s with the biggest names in busi ess and markets on my Openi < Bid podcast. Find more episodes on our video hub. Watch on your preferred s reami < service. Or lis en and subscribe on Apple Podcasts, Spotify, or wh

In the below Openi < Bid episode, former Federal Reserve ominee Judy Shelton reveals her reaso s behind wa i < to return to the gold st ndard.

Brian Sozzi is Yahoo Finance's Execugive Editor. Follow Sozzi on X @BrianSozzi and on LinkedIn. Tips on deals, mergers, aclivist situatio s, or anythi < else? Email brian.sozzi@yahoofinance.com.

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