Posted 4/9/2024, 7:30:00 PM
JPMorgan Upgrades Economic Outlook, Now Sees Better Than Even Odds of Soft Landing
- JPMorgan scrapped its recession forecast for the first half of 2024 and now sees 55% odds of a soft landing
- The bank sees 30% chance global expansion persists without major policy easing
- Recent positive developments challenge view that higher rates are squeezing economy
- Upbeat data paints rosier picture; indicators show drag from tightening is fading
- JPMorgan CEO Jamie Dimon paints less optimistic picture, warns of recession risks