JPMorgan warns that the US economy is heading into recession.

[JPMorgan Warns of U.S. Economic Recession] JPMorgan has warned that under the heavy pressure of the Trump administration's tariff policies, the U.S. real Gross Domestic Product (GDP) is expected to contract, and the economy may be heading into a recession. The bank's Chief U.S. Economist Michael Feroli pointed out in a recent report that JPMorgan has downgraded its full-year real GDP growth forecast from a previous rise of 1.3% to a contraction of 0.3%, and expects economic contraction to occur consecutively in the third and fourth quarters of this year. "The recession in economic activity is expected to push the unemployment rate up to 5.3%," Feroli emphasized in the report, "If the predictions come true, our proposed stagflation forecast will put the Federal Reserve (FED) decision-makers in a policy dilemma." This warning highlights that as trade tensions continue to escalate, the downside risks facing the U.S. economy are accelerating.