Skyline of lower Manhattan and One World Trade Center in New York City and the Water’s Soul sculpture on July 11, 2023, in Jersey City, New Jersey. (Photo by Gary Hershorn/Getty Images)
Gary Hershorn | Corbis News | Getty Images
Goldman Sachs revised down the odds of a U.S. recession happening in the next 12 months, cutting the probability down to 20% from 25% on the back of positive economic activity.
The investment bank’s chief economist, Jan Hatzius, cited a slew of better-than-expected economic data in a research report released Monday.
“The main reason for our cut is that the recent data have reinforced our confidence that bringing inflation down to an acceptable level will not require…