Business

Major Wall Street Bank Lowers Chance of Recession, Citing Robust Jobs Data

Citing a strong September nonfarm payrolls report, Goldman Sachs has cut its recession forecast to 15 percent.
Major Wall Street Bank Lowers Chance of Recession, Citing Robust Jobs Data
The New York Stock Exchange on Aug. 5. Michael M. Santiago/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
0:00

Goldman Sachs has reduced its forecast for the odds of a U.S. recession over the next 12 months, citing a robust September jobs report that beat expectations.

The investment bank now estimates a 15 percent chance of a recession, down from 20 percent, according to a note by chief U.S. economist Jan Hatzius released on Oct. 6.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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