Goldman Revises US Recession Chances Down to 15%

The video discusses the optimistic economic outlook by Goldman Sachs, which has revised down the chances of a US recession to 15%, contrasting with Bloomberg's 60% consensus. It highlights potential consumer risks due to the end of student loan forgiveness by the Biden administration. The labor market is cooling, with wage inflation showing progress, influencing Goldman's forecast change.

What recent change did economists make regarding the chances of a US recession?

What factors are contributing to the optimism about the US economy according to the text?

What specific event related to student loans is mentioned as a potential headwind for consumers?

How has the labor market been described in the recent economic analysis?

What is the significance of the average hourly earnings mentioned in the text?