JPMorgan Chase Raises Probability of Imminent US and Global Recession, Abruptly Shifts Forecast on Fed Rate Cuts

JPMorgan Chase is updating its economic outlook amid increasing market turbulence and growing fears of an impending recession. The bank’s global research division says the US economy is showing signs of a slowdown, pointing to the rising unemployment rate and a weaker-than-expected July jobs report. In light of the new data, JPMorgan is raising the […] source: https://dailyhodl.com/2024/08/16/jpmorgan-chase-raises-probability-of-imminent-us-and-global-recession-abruptly-shifts-forecast-on-fed-rate-cuts/