The recession takes the skirt of the American economy
reports Fortune , Bank JPMurgan Chase has announced that the economy expects US economics under the current year. The Trump administration was announced, to enter the recession.
Michael Forley , the bank’s senior economist in American affairs, on Friday wrote to customers: We are now predicting real implementation of real implementation, under pressure to the whole year. The fourth quarter of the year earlier), the actual economic growth reached a negative of 4.9 percent, while the number was previously projected at 4.9 %.
Forley also said that this decrease in predicted economic activity is expected to slow down the employment process and eventually raise the unemployment rate to 4.9 %.
Donald Trump’s widespread tariffs on Wednesday against US business partners around the world led the SNPT index to fall to its lowest level in the last eleven months and destroy $ 1.5 trillion in the last two days of the week.
JPMurgan’s prediction was released along with similar reviews of other banks.
since the announcement of tariffs, large banks have reduced US economic growth forecasts for this year. On Thursday, Barclays Bank announced that it expects GDP to contract in year 6, which means a recession.
Friday, Bank City Grow economists reduced this year’s growth to 4.9 percent, and Ubisual economists rose to 4.9 percent.
“We expect US imports from the world to be reduced by more than 5 %, which will take place in the next few seasons, and will return the share of imports from GDP before the year,” said Jonathan Pingel, a senior economist Jonathan Pingel.
He added that the intensity of business policy measures show significant economic reforms at the economy for $ 4 trillion.
Feroli also predicted that the federal will start a decline in interest rates in June and will continue to decline at each meeting by January, reducing interest rates from 0.5 % to 0.5 % to 0.5 % to 4.9 %.
these declines will occur while the main inflation rate (as an indicator of price infrastructure) is expected to reach 4.9 % by the end of the year from the current level.
Forley wrote in his note: If the stagnation prediction is achieved with our inflation, it will be a problem for federal policymakers. We believe that significant weakness in the labor market will ultimately be dominant, especially if it leads to a decline in wage growth and assures the (Federal Free Market) Committee that the price increase cycle is not being formed.
Friday, Federal President Jerome Powell said: “We feel that there is no need to rush to change rates.
his statements after the latest employment report by the US Labor Statistics Bureau stated that strong employment was reported in March and a minor increase in unemployment rate to 4.9 %.
Based on futures market transactions, investors expect the interest rate to decrease by one percent by the end of the year
