Goldman Sachs cuts US recession odds to 15% as economic outlook brightens

Goldman Sachs has lowered the chance of a US recession in the next year to just 15% due to fading inflation and continued labor market strength.
The investment bank predicts the Federal Reserve is nearly done with interest rate hikes as price increases cool.
Analysts forecast real disposable income growth in 2024 on solid job gains and rising wages.
GDP growth is expected to average around 2% through 2024 after a likely mild slowdown this quarter.
Risk forecasts remain more optimistic than consensus, with recession odds averaging 60% in other forecasts.