Oddbean

U.S. Economy Likely To Enter A Recession By The End Of 2024 ========== There is an increasing risk of a recession; Monday's stock prices plummeted and unemployment is on the rise; JPMorgan Chase predicts the U.S. economy is likely to enter into a recession by the end of the year; there is a 45% likelihood of a recession occurring in the second half of 2025; JPMorgan economists raised the odds of an economic downturn this year to 35%, citing easing labor market pressures; they still see a 45% chance of a recession in the second half of 2025; JPMorgan expects the Federal Reserve to cut interest rates twice this year, in September and November; the disappointing July jobs report reignited fears of a slowing economy; the report triggered the Sahm rule, an indicator used to provide an early recession signal. #UsEconomy #Recession #StockPrices #Unemployment https://dallasexpress.com/business-markets/u-s-economy-likely-to-enter-a-recession-by-the-end-of-2024/