Published 08/08/2024 12:20:34 p.m.

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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Reuters

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

08/08/2024 6:21:26 p.m.·United Kingdom

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Quotidiano Nazionale

JPMorgan, chances of a US recession rise to 35%

JPMorgan revises the chances of a recession for the United States upwards by the end of the year, bringing them to 35% from the previous 25%. The revision is linked to the stronger slowdown than expected in the labor market.

08/08/2024 12:20:35 p.m.·Italy

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City AM

FTSE 100 falls as JPMorgan sees 35% chance of US recession

London markets dropped on Thursday morning, unwinding much of their gains made on Wednesday following a massive sell-off earlier in the week triggered by fears of a US recession. The blue-chip FTSE 100 dropped 0.97 per cent to 8,087.94 just after the open, while the mid-cap FTSE 250, which is more closely aligned with the health of the UK economy, fell 0.74 per cent to 20,422.77 Just six companies in the FTSE 100 saw their shares rise in early t…

08/08/2024 7:42:24 a.m.·London, United Kingdom

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Fox Business

JPMorgan sees a greater chance of a US recession this year

08/08/2024 4:03:44 p.m.·United States

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El Tiempo Latino

JP Morgan raised the chances of a recession in the US to 35% at the end of the year

JP Morgan forecasts a 35% chance of a recession in the United States by the end of the year, an increase from its previous estimate of 25%. This adjustment is due to the reduction in labor market pressures and the fall in global equities caused by the weak employment reports in July and the reversal of carry trade operations financed with yen. These operations, which consist of borrowing in low-interest currencies to invest in higher-yielding as…

08/08/2024 2:54:19 p.m.

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