Our Dark Future!

In a note titled “There Will Be Blood,” JPMorgan’s head of economic research, Bruce Kasman, raised the probability of a global recession to 60% from 40%.

The bank expects U.S. gross domestic product to contract 0.3% in the fourth quarter of 2025 from a year earlier; it previously expected 1.3% growth.

Unemployment will reach 5.3% next year, JPMorgan says.

What Will Monday Bring!
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