JP Morgan Shifts To No US Recession Expected, Crypto's Outlook Turns Bullish

In a remarkable shift, JP Morgan Chase & Co. economists have retracted their earlier recession prediction for the U.S., aligning with a growing number of forecasters who now envision a recession-free trajectory for the nation’s economy, Bloomberg reported. The bank’s chief economist announced on Friday that JP Morgan is no longer forecasting a recession in the current year, substantiated by an upgraded economic growth estimate driven by robust expansion.