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Cryptocurrencies: 30065
Markets: 114561
Market Cap: $2,774,179,090,573     
24h Vol: $70,576,646,472
Coin-turk.com 2023-08-05 15:37:56

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

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.
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