(Reuters) - Goldman Sachs on Tuesday lowered its probability that a U.S recession would start in the next 12 months to 15% from an earlier 20% ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Goldman Sachs on Tuesday lowered its probability that a U.S recession would start in the next 12 months to 15% from an earlier 20% forecast.
The investment bank said it expected reacceleration in real disposable income next year on the back of continued solid job growth and rising real wages. U.S. consumer spending accelerated in July, but slowing inflation strengthened expectations that the Federal Reserve would keep interest rates unchanged in its policy meeting this month.
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