JPMorgan Forecasts Dismal 1% GDP Growth, Signals Possible Rate Cut JPMorgan Forecasts Dismal 1% GDP Growth, Signals Possible Rate Cut CCN

By CCN: The other shoe could be about to drop in the economy. JPMorgan economists in a report predict the second quarter will witness slowed economic growth. They’re expecting U.S. GDP to expand by a measly 1%, lower than their original predictions of 2.25%. During Q1, the economy expanded at a rate of 3.2%. The ...