The stock market has witnessed significant volatility because of the soaring prices, aggressive federal rate hikes, and rising recession odds. The CBOE Volatility Index has gained 35.4% year-to-date.
However, according to Goldman Sachs, despite diminished growth, the U.S. economy's 'soft landing' probabilities are reasonably valid. Goldman Sachs Chief Economist Jan Hatzius expects U.S. GDP to rise by 1% in 2023.
