22:46 2025-04-03
JP Morgan raised its forecast for a global recession this year to 60%.Bruce Kasman, chief economist at JPMorgan Chase, said that if the tariffs announced by the Trump administration on US trading partners continue, they could push the US and global economy into recession by 2025. "The risk of a global recession this year has increased from 40 per cent to 60 per cent," Mr. Kasman said in a note on Thursday. He called the tariffs the largest tax increase on US households and businesses since 1968. He also said the impact of the tax hike was likely to be amplified th...
22:31 2025-04-03
The Republican Party is considering raising the top tax rate on millionaires to 40%.U.S. Republicans are considering creating a new tax bracket for people earning $1 million or more to offset some of the cost of the tax bill, a stark departure from the party's decades-old opposition to tax increases, according to people familiar with the matter. The new top rate would be between 39 percent and 40 percent, according to people familiar with the matter. Trump administration officials and Capitol Hill allies are starting to draft a tax package that they hope will pass in the coming...
22:31 2025-04-03
The probability that the Federal Reserve will keep interest rates unchanged in May is 68.8%.According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in May is 68.8%, and the probability of a 25 basis point cut is 31.2%. The probability that the Fed will keep interest rates unchanged in June is 18.5%, the probability of a cumulative 25 basis point cut is 58.7%, and the probability of a cumulative 50 basis point cut is 22.9%.