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- Goldman Sachs said the odds of a recession in the next 12 months have fallen to 20% from 25% earlier.
- It cited encouraging economic data, such as consumer sentiment and slowing inflation.
- The bank expects only one remaining interest rate hike in the Federal Reserve's tightening cycle.
Goldman Sachs is more bullish on a soft landing for the US economy, citing encouraging inflation data.
In a note on Monday, the bank's chief economist, Jan Hatzius, put the odds of a recession in the next 12 months at 20%, down from an earlier estimate of 25%.
"The main reason for our cut is that the recent data have reinforced our confidence that bringing inflation down to an acceptable level will not require a recession," he wrote.