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JPMorgan lowers its recession odds as Trump strikes a temporary deal to drop tariffs on China

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JPMorgan Chase has reduced its estimate of the likelihood of a U.S. recession in the near future, following a temporary agreement between former President Donald Trump and China to pause the escalation of tariffs. This deal, which came as a surprise to many in the financial sector, has led to a more optimistic outlook on the economy. According to JPMorgan's analysis, the temporary tariff relief is expected to boost business confidence and stimulate economic activity, thereby lowering the odds of a downturn. The bank's economists now see a reduced chance of a recession within the next 12 months, citing improved trade relations and a more stable global economic environment as key factors in their revised forecast.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/13/jpmorgan-lowers-recession-odds-as-trump-strikes-temporary-china-tariff-deal/ ]