Goldman Sachs pulled its recession call moments after Trump pressed pause on tariffs. Moody’s chief economist isn’t convinced: ‘I take no solace in the president’s announcement’

• Markets cheered the news of a 90-day pause on steep tariffs, but not everyone was comforted. One economist takes no solace in the president’s announcement and still believes there could be a recession, saying he can’t “fathom why the world is being put through all this unnecessary drama.”

Moments after President Donald Trump announced a 90-day pause on his sweeping tariff regime, Goldman Sachs pulled its recession call. “We are reverting to our previous non-recession baseline forecast,” the research note read.