Goldman Sachs lowers US recession risk outlook to 15% after strong jobs report

Goldman Sachs has reduced its U.S. recession risk outlook for the next year to 15%, down from 20% last month. This change follows a strong jobs report for September, indicating stability in the labor market. The firm noted a drop in the unemployment rate and continued job growth as key factors. They expect the Federal Reserve to raise interest rates by 25 basis points in November but remain confident that this will not lead to a recession. Goldman Sachs is not overly concerned about inflation, citing a rebound in oil prices and a potential slowdown in rent increases. They believe recent economic developments support their positive outlook.