JPMorgan says Trump’s tariffs to send us in decline

JPMORGAN CHASE & CO This is expected to fall by the US economy this year if the influence of tariffs declared this week by Trump leadership this year.

“Now we are now looking for a contract under the weight of real GDPs and for the full year (4Q / 4Q), before 1.3% below 1.3%,” President of the Bank, US President Michael Feroli, said the United States President Michael Feroli.

“Economic activity is expected to recruit the forecasted contraction and decrease to 5.3% of the unemployment rate over time,” Feroli said.

President Donald Trump’s announcement sent US shares to the lowest US SO & P 500 index on Wednesday of US trade partners around the United States in 11 months,Wipe $ 5.4 trillion dollarsOnly two trading sessions to close the week market value.

Read more:The worst stock meltdown because Covid’s recession deepened

JPMorgan’s forecast, since the announcement of this year’s tariff announcement, the forecasts for our growth, along with similar changes of other banks. Thursday, Barclays PLC saidWaiting for GDP to contractIn 2025 “in accordance with the decline”.

On Friday, Citi Economists cut the forecasts for 0.1% this year and UBS economists lowered them to 0.4%.

“We expect more than 20% of the world’s last section, after returning to the previous levels of the United States in the last few quarters, 20% of the United States.

‘Stagflationary forecast’

Feroli is waiting for the federal reserve to start to cut the Etalon interest rate in June and has continued to reduce the ratio of 1.75% in January, from 1.75% to 3% to 3.25% to 4.5%.

Until the end of the year, these cuts are income, despite the fact that inflation based on 4.4% of the current level of 2.8%.

Read more:Powell don’t rush to cut as soon as the markets continue to sink

“If we are understood, our pagflationarec forecast would offer a dilemma to feed politicians,” Feroli said. “We believe that if the material weakness in the labor market results, especially in poor salary, the committee results in more confidence in the absence of a price wage spiral.”

On Friday, the Fed Speaker Jerome Powell feels to make any adjustment on evaluations saying “you don’t need to be in a hurry.” Comments complied with the release of the latest monthly employment report from the Bureau of Labor StatisticsHired healthyIn March, a little fit in unemployment rate, up to 4.2%.

Investors bet on the point of complete decrease by the end of the year for futures.

This story was first displayed Fortune.com

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