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,

Goldman Sachs slashed its recession forecast not long after raising the chance of a downturn.The bank walked back its forecasts Wednesday an hour after Trump paused most of his tariffs.The bank now sees a 45% chance the economy could tip into recession in the next year.

Economists at Goldman Sachs walked back a forecast calling for a recession hours after President Donald Trump announced a 90-day pause on many of his "reciprocal" tariffs that went into effect just hours before.