T.H.E.M.
¨We believe in the judgment; we believe this first judgment will take place as God revealed, in America...¨
T.H.E.M.
¨We believe in justice for all, whether in God or not; we believe as others, that we are due equal justice as human beings.¨
JPMorgan slashes its forecast for US economic growth amid a lack of new stimulus
- JPMorgan is the latest Wall Street bank to slash its forecast for US economic growth because of weakened hopes for near-term stimulus.
- The bank on Thursday lowered its fourth-quarter 2020 estimate to 2.5% from 3.5% and cut its first-quarter 2021 growth forecast to 2% from 2.5%.
- The lack of fresh fiscal aid has an “immediate impact” on household incomes and will drive a contraction in disposable income into 2021, Michael Feroli, the bank’s chief economist, said in a note.
- JPMorgan projected that the absence of a new stimulus measure would also lower the 2021 federal deficit to $2 trillion from $3.5 trillion.
- Visit Business Insider’s homepage for more stories.
Dwindling odds of a new stimulus deal are driving economists to tamper expectations for US economic growth. JPMorgan on Thursday became the latest Wall Street giant to follow suit…….more here
Click here for reuse options!Copyright 2020 Hiram's 1555 Blog