- JPMorgan is walking back its prediction it was 60% likely a recession would hit the U.S. in 2025. The bank wrote in a Tuesday note President Donald Trump’s temporary agreement scaling back tariffs on China while the two trading partners negotiate a trade deal could reduce the risk of a recession below 50%, although risks are still elevated.
President Donald Trump’s temporary deal lowering tariffs on China has not only lifted the stock market, it’s also dropped the odds of a recession significantly, according to JPMorgan Chase.
