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.