The largest bank in the US believes the Federal Reserve will start loosening monetary policy starting next month.

And significantly, one-fourth (25%) now expect a recession, up from 8% at the beginning of the year, according to a survey from JPMorgan Chase.

JPMorgan’s CEO says the U.S. economy is still strong—despite inflation and global risks. Is he right, or is trouble ahead for American markets?

JPMorgan Chase is the strongest US bank, proven resilient by recent Fed stress test results even under severe recession scenarios. Read why JPM stock is a hold.

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Shares of JPMorgan were decline 0.8 percent, while Citigroup rose 3.6 percent. jmb/dw Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

April 2024 The U.S. economic boom is "unbelievable", Dimon said at an event. "Even if we go into recession, the consumer's still in good shape." July 2024 "While market valuations and credit spreads ...

America’s most powerful banker and the president have met twice in the past two months to talk about the economy, interest ...

Executives from JPMorgan Chase and Citigroup described US consumers as still fundamentally in good shape despite continued risks to the outlook. Both banks now see a lower risk of recession ...