J.P. Morgan Raises Recession Risk to 35%, Predicts Major Fed Rate Cuts Amid Slowing U.S. Economy

On 15 August 2024, J.P. Morgan Research published a report highlighting emerging signs of a slowdown in the U.S. economy following a year of unexpectedly strong growth. The report pointed to a softer-than-expected July jobs report, with the unemployment rate increasing for the fourth consecutive month. This data triggered a market sell-off and intensified concerns […] source: https://www.cryptoglobe.com/latest/2024/08/j-p-morgan-raises-recession-risk-to-35-predicts-major-fed-rate-cuts-amid-slowing-u-s-economy/