Reported 2 months ago
Recent economic data, particularly the July jobs report showing a rise in unemployment and a slowdown in job creation, has led some economists, including those from J.P. Morgan, to increase the likelihood of a recession by year-end to 35%. While the Sahm rule indicates early recession signs, some analysts argue that broader economic indicators do not align with this prediction. Bank of America also highlights stable market conditions pointing away from a recession despite prevailing concerns.
Source: YAHOO