Trump Caved on Tariffs. That Still May Not Stop a Recession.
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Donald Trump may have reversed course on tariffs, but that doesn’t mean the economy has reversed course away from a recession. Some of the country’s largest investment firms—including JP Morgan and MetLife—are still warning their clients that the country is on the verge of a recession, despite the seemingly temporary market frenzy sparked by Trump’s decision to cave on his trade war. JP Morgan said Wednesday evening that it wouldn’t change its economic forecast, predicting a 60 percent chance
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