JPMorgan: ‘Boil the frog’ recession will feature of synchronized hard landing

Markets Insider/Jennifer Sor/6-25-2023

“The most likely outcome — to which the economists assigned a 36% probability — involves the US tipping into recession at the same time as the rest of the global economy. The main catalyst for that will be aggressive monetary tightening in response to inflation, which JPMorgan expects to stay persistently elevated.”

USAGOLD note: The calls for recessions have been ongoing for over a year, yet the recession has remained curiously sidelined. JPMorgan rates the ‘Goldilocks soft landing’ a 23% probability.