📉 JPMorgan Chase warns: The risk of U.S. recession is rising! 🌐
The latest report shows that JPMorgan Chase has raised the possibility of the U.S. economy entering a recession by the end of this year to 35%, a significant increase from 25% at the beginning of last month. A team of economists led by Bruce Kasman pointed out that the demand for labor in the United States has weakened significantly and there are early signs of layoffs. These signals cannot be ignored.
Meanwhile, JPMorgan's forecast for the outlook for interest rates has also changed. They believe the probability that the Federal Reserve and other central banks will maintain high interest rates for a long time has dropped to 30%, down sharply from 50% two months ago. As inflationary pressures ease, JPMorgan expects the Federal Reserve to cut interest rates by 50 basis points each in September and November.
📊 The economic vane has changed, pay attention to these key data and be prepared to deal with market fluctuations!
