Goldman Cuts US Recession Chances to 15% on Improved Inflation

Goldman Sachs Group Inc. has revised its outlook, now estimating a 15% probability of the United States entering a recession.

This is a decrease from their previous estimate of 20%.

The revision comes as a result of moderating inflation and a labor market that remains robust, implying that the Federal Reserve may not find it necessary to implement additional interest rate hikes, Bloomberg reported.

READ MORE: https://finance.yahoo.com/news/goldman-cuts-us-recession-chances-022752901.html

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