U.S. recession risk fades

S&P Global Ratings says there is now a 30% chance the U.S. economy enters a recession in the next 12 months — scaling back the 35% recession risk it forecast in August.

Why it matters: A slew of Wall Street economists and analysts now see the outlook for the U.S. economy as rosier than a few months ago. That sentiment is reflected in the stock market, which closed at another record high yesterday.

Go deeper:

• Goldman Sachs sees break in the clouds in latest economic forecast
• Recession fears have vanished