In a recent research note, a strategist team led by Jan Hatzius cut its odds of a recession in the next 12 months to 25%, down from 35%.
The economists added, “Progress on price inflation has been particularly rapid in recent months.”
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Goldman Sachs economists have concluded that labor-market robustness and signs of growing business confidence have reduced the chances that the U.S. economy will go into a recession in the next year. So reports Business Insider.
In a recent research note, a strategist team led by Jan Hatzius cut its odds of a recession in the next 12 months to 25%, down from 35%.
The economists added, “Progress on price inflation has been particularly rapid in recent months.”