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Stock impact report

After Trump tariffs, JPMorgan raises chance of recession to 60% [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
The report, headlined "There will be blood" and dated April 3, warns, "these policies, if sustained, would likely push the US and possibly global economy into recession this year. An update of our probability scenario tree makes this point, raising the risk of a recession this year to 60%." In a statement to Fox News Digital on Friday, White House spokesman Kush Desai declared, "Chicken Little ‘expert' predictions didn't quite pan out during President Trump's first term, and they're not going to pan out during his second term when President Trump again restores American Greatness from Main Street to Wall Street." China Retaliates With 34% Tariffs On Us Imports Trump branded the day of his tariff announcement as "Liberation Day." The stock market was clobbered on Thursday in the wake of the president's announcement and has been plunging again on Friday. Read On The Fox Business App While speaking to Fox News Digital on Friday morning, Peter Schiff, chief economist and glob Show less Read more
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