Trump, JPMorgan and Recession
Digest more
Top News
Impacts
Insider |
The risk of the global economy falling into a recession has increased from 40% to 60%, they warned.
MarketWatch |
JPMorgan Chase & Co. Chief Executive Jamie Dimon said Monday that tariffs imposed by the U.S. and other countries will increase inflation and boost the probability of a recession.
Read more on News Digest
JPMorgan Chase & Co. says recession fears in stocks acutely tied to America’s economy have spiked to nearly 80%, while credit investors remain sanguine even as funding stress threatens to build.
JPMorgan Chase chief Jamie Dimon warned that a global trade war risked tipping the US economy into a recession and driving prices higher, while undermining the country’s long-term alliances.
A global recession is more likely to happen than not this year, thanks to Wednesday's tariff broadside from the U.S. That's the opinion of JPMorgan analysts who raised their forecast to 60% Thursday.
JPMorgan’s economics team has just raised their recession probability to 60% following the aggressive tariff stance announced by U.S. President Donald Trump.
Both Deutsche Bank and Bank of America warned the new tariffs could subtract between 1 and 1.5 percentage points from U.S. GDP this year.
JPMorgan warned of a recession in the U.S. after disclosing that it now expects real gross domestic product to contract under the weight of President Trump's tariffs. The bank's chief U.S. economist,
Stock markets have been falling, and the plunge accelerated after President Donald Trump unveiled wide-reaching U.S. tariffs. Here's what to know.
23hon MSN
Polymarket, an offshore betting platform, shows a 62% chance of a recession occurring in the U.S. this year, cooling down Monday afternoon after peaking at 66% on Sunday, when Goldman Sachs economists said they expect a recession to occur if the Trump administration goes through with its tariff rates.