On Monday evening, financial services giant Goldman Sachs announced it has lowered its probability estimate that the U.S. will enter a recession during the next year to 15%.
Goldman Sachs’ new figure is notably lower than its 20% likelihood prediction made over the summer and its 35% estimate back in March.
The company’s research report went on to predict that the U.S. Federal Reserve has completed its series of interest hikes as inflation continues to ease nationwide.
Goldman Sachs’ newly released estimates also signal that the U.S. economy may be on its way to reaching the Fed’s highly-desired “soft landing.”
