J.P.Morgan ratcheted up its odds for a U.S. and global recession to 60%, as brokerages scrambled to revise their forecast models with tariff distress threatening to sap business confidence and slow down global growth.

United States President Donald Trump has imposed tariffs on more than 180 countries. Several brokerage firms have hinted that if the US administration continues its levies then it could lead to a US r

JPMorgan's chief global economist warned that Donald Trump's aggressive tariff plan increased the risk of the country falling into a recession.

This gloomy outlook came shortly after President Trump announced, on April 2, the imposition of reciprocal tariffs on many countries.

Fitch Ratings warns that new US tariffs could lead to a recession and lower global growth. The tariffs, effective from 2 April, will raise consumer prices, reduce corporate profits, and affect market value.

Odds of a recession jumped to 54% on the betting platform Kalshi following Trump's tariffs. Stocks tanked Thursday on trade war angst.

Up from $1.04 to $1.08 The euro rocketed higher over the past month, amid a renewed sense of optimism in Europe. This was driven primarily by hopes

U.S. President Donald Trump's push for sweeping tariffs is creating great uncertainty and denting confidence but is not likely to trigger a near-term recession, International Monetary Fund Managing Director Kristalina Georgieva said on Monday.

Fitch Ratings yesterday said US tariffs have reached levels that are transforming the global economic outlook, significantly raising US recession risks and constraining the Federal Reserve’s ability to lower interest rates further.