RawDiary

JP Morgan Predicts 60% Recession Risk … Tariff Turmoil Threatens Economy

JP Morgan analysts warn that Trump's aggressive tariff strategy is pushing the US toward a 60% chance of recession. Global markets are reeling as inflation risks surge and economic uncertainty mounts amid rapid trade disruptions.

24 Hours Trump's sweeping tariffs have ignited a global trade war. Markets tumble as JP Morgan warns of a 60% recession risk. China retaliates with a 34% counter-tariff, deepening economic uncertainty. Fed officials signal potential rate cuts to curb inflation. Political infighting over tariffs intensifies domestically, while legal challenges and constitutional questions arise. Border security issues persist amid contentious immigration cases. Higher education faces funding ultimatums. Tech giants unveil groundbreaking AI upgrades and space missions mark historic milestones. Energy and auto sectors buckle under pressure, while severe storms and cybersecurity breaches add to the global chaos.

Number 60% - Recession risk predicted by JP Morgan amid tariff turmoil.

Quote “Nobody wins in a trade war” — Robert Reich