2019-5-25 01:26 |
By CCN: The other shoe could be about to drop in the economy. JPMorgan economists in a report predict the second quarter will witness slowed economic growth. They’re expecting U. S. GDP to expand by a measly 1%, lower than their original predictions of 2.
25%. During Q1, the economy expanded at a rate of 3. 2%. The economists also analyze the Federal Reserve, marking an equal chance for interest rate hikes as there is for cuts. Originally, JPMorgan economists believed a rate hike would be the next move. Trump has been pushing for an interest rate cut. He recently tweeted: China is
The post JPMorgan Forecasts Dismal 1% GDP Growth, Signals Possible Rate Cut appeared first on CCN
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