After the China-U.S. trade truce, Morgan Stanley "withdrew" its recession theory for the U.S. economy

After the temporary trade agreement between China and the United States, JPMorgan Chase raised its expectations for U.S. economic growth and withdrew its previous forecast of a recession in the U.S. economy in 2025. The chief economist of JPMorgan Chase pointed out that reducing tariffs on China will lower the risk of a U.S. recession, with an expected economic growth of 0.6% in 2025. At the same time, the core inflation indicator is expected to rise to 3.5%. The labor market outlook indicates that the slowdown in labor demand will exceed supply, and the expected timing for the Federal Reserve to cut interest rates will be postponed to December