CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CoinTurk News 2023-08-05 15:37:56

JPMorgan Withdraws Recession Expectations for the US Economy, S&P 500 Affected

According to Bloomberg, the giant investment bank JPMorgan has aligned itself with the increasing number of experts who predict a recession-free future for the US economy, retracting its previous recession expectation for the country. The bank’s chief economist, Michael Feroli, announced on August 4th that JPMorgan no longer expects a recession this year, as evidenced by its forecast of strong economic growth resulting from robust monetary expansion. The post JPMorgan Withdraws Recession Expectations for the US Economy, S&P 500 Affected appeared first on COINTURK NEWS.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.