Economists at Goldman Sachs have reduced their forecast for a U.S. recession within the next year to 20%, citing strong retail sales and a decline in unemployment claims. This is a drop from their previous estimate of 25%, and they might further reduce it to 15% if upcoming job data is positive. Despite this, some analysts, like those at JP Morgan, remain cautious, noting potential labor market weaknesses and global manufacturing slowdowns. Bitcoin traders are watching these developments closely, as rate cuts could trigger short-term gains but also suggest looming economic challenges. Source: Cointelegraph