Goldman Sachs reversed its recession forecast just moments after President Donald Trump announced a 90-day pause on his “Liberation Day”

Goldman Sachs reversed its prediction that the United States will enter a recession following President Donald Trump‘s decision to pause reciprocal tariffs on dozens of countries for 90 days. “Earlier today,

Goldman lowered its recession call Wednesday just an hour after raising the chance in a note, as the trade war saga sparked whiplash on Wall Street.

Goldman Sachs Group Inc. economists said they now see a 65% chance of a US recession in the next 12 months, citing President Donald Trump’s tariffs on US trading partners.

The new wave of President Trump’s tariffs starts at midnight. NBC News’ Christine Romans and Melanie Zanona have the latest reporting. Veda Partners managing partner and director of economic policy research Henrietta Treyz and staff writer at The Atlantic Ashley Parker join Chris Jansing to provide more insight on the potential impact.

The stock market has been incredibly volatile lately, with recession fears growing. Nobody can say when or if a recession might begin, but it's wise to start preparing now. The right strategy can help set you up for success regardless of where the market is headed.