By Chelsey Dulaney

Goldman Sachs now sees a smaller chance of a recession in the U.S. thanks to the peace agreement with Iran.

The bank cut its 12-month recession odds to 15% from 25%, citing falling energy prices. It now sees an even lower chance of recession than it did before the war, when it put the odds at 20%. The labor market has improved since then, according to Goldman.

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June 22, 2026 07:30 ET (11:30 GMT)

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