JPMorgan Chase Raises Probability of Imminent US and Global Recession Amid Market Turbulence
Friday, 16 August 2024, 10:53
JPMorgan's Economic Outlook
JPMorgan Chase is updating its economic outlook amid increasing market turbulence and growing fears of an impending recession. The bank's global research division highlights key indicators affecting the economy.
Signs of Economic Slowdown
- Rising Unemployment Rate: Recent data shows rising unemployment.
- Weak July Jobs Report: Job growth fell short of expectations.
Implications for Fed Rate Cuts
- Shift in Forecast: JPMorgan alters its predictions on Federal Reserve rate cuts.
- Global Impacts: A potential global recession looms as markets react.
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