{"id":2420633,"date":"2025-04-07T09:27:02","date_gmt":"2025-04-07T13:27:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/goldman-sachs-and-jp-morgan-raise-odds-of-recession-as-trump-stands-firm-on-tariffs-washington-examiner\/"},"modified":"2025-04-07T09:28:16","modified_gmt":"2025-04-07T13:28:16","slug":"goldman-sachs-and-jp-morgan-raise-odds-of-recession-as-trump-stands-firm-on-tariffs-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/goldman-sachs-and-jp-morgan-raise-odds-of-recession-as-trump-stands-firm-on-tariffs-washington-examiner\/","title":{"rendered":"Goldman Sachs and JP Morgan raise odds of recession as Trump stands firm on tariffs &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">36<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgoldman-sachs-and-jp-morgan-raise-odds-of-recession-as-trump-stands-firm-on-tariffs-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2420633&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Goldman Sachs and JP Morgan have increased their forecasts for a possible U.S. recession due to President Trump&#8217;s implementation of new tariffs. Goldman sachs raised its prediction to a 45% likelihood of recession within the next year, a significant jump from 35% the previous week. Meanwhile, JP Morgan has placed the odds at 60%, citing the tariffs as a source of economic &#8220;turbulence&#8221; that coudl drive inflation higher and elevate recession fears. The market has <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/consumer-prices-outpace-americans-wage-growth-as-inflation-surges\/\" title=\"Consumer Prices Outpace Americans\u2019 Wage Growth As Inflation Surges\">shown signs<\/a> of strain, with significant drops in major indexes; the Dow fell over 2,200 points recently, and markets in Asia experienced substantial losses. Economists are expressing concerns about a <a href=\"https:\/\/amzn.to\/3YuVZYV\">potential <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/donald-trump-ends-negotiations-with-nancy-pelosi-on-coronavirus-relief\/\" title=\"Donald Trump Ends Negotiations with Nancy Pelosi on Coronavirus Relief\">stock market<\/a> collapse reminiscent<\/a> of the 1987 Black Monday crash.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Goldman Sachs and JP Morgan raise odds of recession as Trump stands firm on tariffs<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2083419\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Top <a href=\"https:\/\/www.washingtonexaminer.com\/section\/policy\/finance-and-economy\/\" target=\"_blank\" rel=\"noopener\" title=\"\">investment banks<\/a> have increased their predictions that the U.S. economy will face a recession following<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noopener\" title=\"\"> President Donald Trump<\/a>&lsquo;s implementation of his <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/tariffs\/\" target=\"_blank\" rel=\"noopener\" title=\"\">&ldquo;Liberation Day&rdquo; tariffs<\/a>.<\/p>\n<p>On Monday, Goldman Sachs raised its odds of a recession in the next 12 months to 45%, up from 35% last week. In the span of a month, the investment bank went from a 20% chance of a recession to a nearly 50\/50 chance.&nbsp;<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/in_focus\/3371364\/republicans-keep-estate-tax-hobbled-eliminated\/\">Republicans look to keep the estate tax at bay<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3371076\/may-social-security-direct-payment-worth-967-goes-out-in-24-days\/\">May Social Security direct payment worth $967 goes out in 24 days<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/3371822\/european-asian-markets-plummet-tariff-uncertainty\/\">European and Asian markets plummet over tariff uncertainty<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>J.P. Morgan raised the risk of a recession to 60%.&nbsp;<\/p>\n<p>In its annual report released Monday, J.P. Morgan shared that Trump&rsquo;s tariffs are causing &ldquo;turbulence&rdquo; in the economy.<\/p>\n<p>&ldquo;The recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession,&rdquo; <a href=\"https:\/\/www.jpmorganchase.com\/ir\/annual-report\/2024\/ar-ceo-letters?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=newsletter_axiosam&amp;stream=top\" target=\"_blank\" rel=\"noopener\" title=\"\">the report stated.<\/a> &ldquo;And even with the recent decline in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-expands-on-trump-era-order-banning-investment-into-chinese-tech-defense-related-firms\/\" title=\"Biden Expands On Trump-Era Order Banning Investment Into Chinese Tech, Defense-Related Firms\">market values<\/a>, prices remain relatively high. These significant and somewhat unprecedented forces cause us to remain very cautious. There is much more detail on all of this in section three.&rdquo;<\/p>\n<p>On Friday,&nbsp; the Dow fell 2,231 points, and the S&amp;P 500 dropped 6%, losing 10% in two days.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3242203\/what-items-affected-trump-tariffs-canada-mexico\/\" target=\"_blank\" rel=\"noopener\" title=\"\"><strong>WHICH ITEMS WOULD BE AFFECTED BY TRUMP&rsquo;S PROPOSED TARIFFS ON CANADA AND MEXICO<\/strong><\/a><\/p>\n<p>The Asian markets opened on Monday, <a href=\"https:\/\/www.washingtonexaminer.com\/news\/3371822\/european-asian-markets-plummet-tariff-uncertainty\/\" target=\"_blank\" rel=\"noopener\" title=\"\">hemorrhaging losses<\/a>. In Hong Kong, the Hang Seng dropped 13.22%, and in Taiwan, the Taiex fell 9.7%.<\/p>\n<p>This comes as economists fear that the stock market will collapse in a similar fashion to the Black Monday crash of 1987.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2083419\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2083419\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goldman Sachs and JP Morgan increase recession forecasts due to Trump&#8217;s tariffs<\/p>\n","protected":false},"author":2542,"featured_media":2420634,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/12\/economic-stories-2024.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[40996,52974,10069,50406,3634],"class_list":["post-2420633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-goldman-sachs","tag-jp-morgan","tag-recession","tag-tariffs-2","tag-trump"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/12\/economic-stories-2024.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2420633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2542"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2420633"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2420633\/revisions"}],"predecessor-version":[{"id":2420638,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2420633\/revisions\/2420638"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2420634"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2420633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2420633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2420633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}