JPMorgan now says there’s a 60% chance of a recession after tariff hikes - MarketWatch
1. JPMorgan raises recession probability to 60% due to tariff hikes. 2. Tariff increase represents largest tax hike since 1968, impacting economic outlook. 3. U.S. GDP may drop by 2% with significant negative global effects. 4. S&P 500 experienced a notable decline during tariffs announcement. 5. Long-term trade policies could permanently lower U.S. growth potential.