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Apex Trader Funding (ATF) - News

'Recession Will Likely Be Necessary': JPMorgan Just Issued A Strong Warning About Stocks, Says The Impact Of Spiking Rates Has 'Yet To Be Felt'

The U.S. economy grew at an upwardly revised annual rate of 2% in the first quarter, shrugging off prior fears of a recession. But according to JPMorgan Chase & Co., the “R word” may be inevitable. That’s because of the U.S. Federal Reserve’s aggressive interest rate hikes to tame rampant inflation. “While the economy’s recent resilience may delay the onset of a recession, we believe that most of the lagged effects of the past year’s monetary tightening have yet to be felt, and ultimately a rece