JPMorgan Chase Abruptly Raises Forecast for Imminent Fed Rate Cuts As Recession Fears Accelerate: Report

JPMorgan Chase is reportedly changing its forecast for incoming rate cuts from the Federal Reserve as fears that the US is heading toward a recession grip global markets. A series of weaker-than-expected reports on the US economy, including a bleak jobs report, triggered a stock market retreat on Friday. Amid growing fears that the US […] source: https://dailyhodl.com/2024/08/02/jpmorgan-chase-abruptly-raises-forecast-for-imminent-fed-rate-cuts-as-recession-fears-accelerate-report/