JPMorgan Chase Now Says Recession Looks Unlikely

“JPMorgan Chase on Friday jumped on the bandwagon of big-name economists who say a recession is no longer inevitable, even as the Federal Reserve continues to fight inflation by raising interest rates,” The Messenger reports.

“Michael Feroli, chief economist at the nation’s largest bank, is forecasting economic growth of 2.5% for the third quarter, up from his previous projection of 0.5% growth.”