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J.P.Morgan raises odds of US recession by year end to 35%

Summary by Fox Business
JPMorgan Chase analysts now see a greater chance that the U.S. economy will enter a recession by the end of the year.In a Wednesday analyst note, JPMorgan economists led by Bruce Kasman raised the odds of an economic downturn this year to 35%, up from their previous 25% estimate, citing easing labor market pressures. "U.S. wage inflation is now slowing in a manner not seen in other DM economies," they wrote. "Easing labor market conditions incre…

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