Trump tariff effect: Global brokerages raise recession odds; J.P.Morgan sees 60% chance
J.P.Morgan said it expects the tariff shock to be “modestly dampened” by the prospect of further rate cuts. File. | Photo Credit: Reuters 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 … Read more
