Economics
Goldman Cuts Probability of US Recession in Next Year to 15%
- Goldman had seen risk of recession at 20%, 25% in early August
- Goldman’s Hatzius sees Fed cutting rates by 25-bps in November
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The probability for a US recession over the next year is back at the long-term average of 15% after a blowout payrolls report for September reduced the chances for such a downturn, Goldman Sachs Group Inc. economists said.
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