JPMorgan Chase strategists warned Monday that recession chances have surged amid the banking crisis since the collapse of Silicon Valley Bank.
“The Fed is facing a difficult task on Wednesday, but it is likely already past the point of no return,” JPMorgan’s strategists wrote in a note to clients this week, according to news outlets. “A soft landing now looks unlikely, with the airplane in a tailspin (lack of market confidence) and engines about to turn off (bank lending).”
