As we reach the midpoint of the year, recession fears are slowly abating. In May, J.P.Morgan lowered the probability of a recession occurring in 2025 from 60% to 40%. However, it still warned that a period of subpar growth could lie ahead, especially if tariffs remain high.
While the news has calmed some of the fear surrounding the economy, it hasn't eliminated all of it. A survey conducted by Indeed and Harris Poll in June found that 46% of Americans are concerned about layoffs within the next year.
