GS said it believed that Fed Chair Jerome Powell's "proceed carefully" approach signals that a September hike is "off the table" and the hurdle for a November hike is "significant". Adds details from the report in paragraphs 3-7 Sept 5 (Reuters) - Goldman Sachs on Tuesday lowered its probability that a U.S recession would start in the next 12 months to 15% from an earlier 20% forecast. The continued positive inflation and labor market data led to the cut, Goldman Sachs Chief Economist Jan Hatzius wrote in a note.