Reported 2 months ago
JPMorgan has raised the likelihood of a US recession by the end of the year to 35%, up from 25%, due to easing pressures in the labor market. This adjustment follows a disappointing July jobs report and significant sell-offs in global equity markets. Economists highlight that wage inflation in the US is slowing, which could lead to lower service price inflation and a more accommodating stance from the Federal Reserve, with expectations of at least a 100 basis points interest rate cut by year-end.
Source: YAHOO