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JPMorgan raised the probability of a U.S. recession by the end of the year to 35%.
JPMorgan now sees a 35 per cent chance of the US economy slipping into recession by the end of the year, up from 25 per cent at the start of last month. JPMorgan economists led by Bruce Kasman wrote in a note to clients on Wednesday that the US news "suggests weaker labour demand than expected, with tentative signs of job cuts". The team maintained the chance of a recession by the second half of 2025 at 45 per cent. "We have moderately raised the...
2024-08-07 22:52:26
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