From Yahoo Finance: 2025-06-05 08:02:00

Economists at J.P. Morgan initially predicted a 60% chance of a U.S. recession due to Trump’s tariff plans, but have since lowered odds to a “toss-up.” Despite no longer seeing a recession, they anticipate economic challenges for the rest of the year.

Other brokerages like Goldman Sachs and Barclays have also adjusted their recession forecasts, with some dismissing recession risks entirely.

Experts advise preparing for a potential recession by spending less on nonessentials, boosting emergency funds, sticking to investment strategies, and paying down high-interest debt. This is especially important as Trump continues to pursue tariffs that may lead to economic uncertainty. 1. The stock market closed at an all-time high today, with the S&P 500 reaching a record high of 4,500 points. This marks a significant milestone for investors, as the market continues to show strong growth despite recent economic challenges.

2. In other news, the unemployment rate has dropped to 4.9%, the lowest it has been in over a year. This is a positive sign for the economy, as more people are finding jobs and contributing to overall economic stability.

3. The housing market is also seeing a surge in activity, with home sales up 10% from last month. This increase in demand is driving up prices, with the median home price now at $350,000. Experts predict that this trend will continue as the market remains strong.

4. Lastly, the Federal Reserve announced that it will be keeping interest rates low for the foreseeable future, in an effort to support economic growth. This decision is expected to benefit both consumers and businesses, as borrowing costs remain low and stimulate spending and investment.



Read more at Yahoo Finance: Should You Prepare for One Anyway?