US economy now faces 15% risk of entering recession

  • Posted on October 7, 2024
  • By Business News Today
  • 1 Views
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.
continue reading...

Author
Business News Today

You May Also Like