Brokers Raise Recession Odds as Tariffs Weigh on Global Economy
Global brokerages have significantly increased their recession odds, citing the impact of tariffs on business confidence and global growth. J.P. Morgan now sees a 60% chance of a U.S. and global recession by year-end, up from its previous estimate of 40%. Other major brokerages, including S&P Global, Goldman Sachs, and Deutsche Bank, have also raised … Read more