Jamie Dimon, recession and JPMorgan Chase
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JPMorgan is walking back its 60% recession prediction for 2025 following the 90-day pause on trade tariffs agreed by China and the US.
JPMorgan Chase & Co. boosted its forecast for US economic growth after a temporary trade deal between the US and China, dropping its earlier call that the world’s largest economy would sink into a recession in 2025.
The word has been brought up in 121 of the 451 earnings calls conducted by S&P 500 firms between March 15 and May 15.
The "sell America" trade hasn't waned among global investors surveyed by JPMorgan even as US stocks have rallied back after April's tariff chaos.
JPMorgan reduced its forecast for the chance of a recession this year after the U.S. and China temporarily lowered the higher tariffs they imposed.
JPMorgan Chase's chief global strategist suggests that the US economy, while likely to dodge a recession, should brace for slower growth.
Global brokerages had raised their odds of a U.S. and global recession as tariff concerns threatened to weaken business confidence and slow growth.
JPMorgan Chase CEO Jamie Dimon is not ruling out the possibility of a US recession, saying Thursday that 'I wouldn't take it off the table at this point.'
JPMorgan Chase CEO Jamie Dimon discussed the burden of mortgage regulations on homebuyers and expressed concerns over economic risks like stagflation and tariffs.