US economy now faces 15% risk of entering recession

Goldman Sachs lowered the chances of a U.S. recession to 15% due to positive job data. The unemployment rate dropped, and job gains increased in September. The Federal Reserve’s rate cuts are also considered. However, concerns remain about rising bad debts in the motor-vehicle lending market, especially among subprime borrowers.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *