JPMorgan Forecasts Dismal 1% GDP Growth, Signals Possible Rate Cut

JPMorgan Forecasts Dismal 1% GDP Growth, Signals Possible Rate Cut

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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

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