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unusual_whales @unusual_whales@masto.ai
BREAKING: JPMorgan, $JPM, now predicts a recession in the US for this year
The probability of a recession in the US is approaching 50%, per DB.
Read more: https://t.co/DZ6uLPW5eo
Unusual Whales - News · The probability of a recession in the US is approaching 50%The U.S. economy is facing heightened recession risks as rapidly escalating tariffs threaten to dampen growth, reignite inflation, and push up unemployment, Goldman Sachs warned on Sunday night.
In a note to clients, the Wall Street firm raised its estimate of a recession in the next 12 months to 35%, up from its previous projection of 20%.
Goldman also cut its 2025 GDP forecast to just 1% and increased its year-end unemployment estimate by 0.3 percentage points to 4.5%. The bank also revised