Bank of America (Bak( Finally, he solved the people in the minds of many consumers across the country.
President Donald Trump, in April 2, in the United States, the United States, the United States, the United States, the United States, the United States has lost about $ 3.1 trillion with the largest decline in today.
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Trump believes that these tariffs to import goods from abroad will encourage more to produce more in the United States; But the prices of goods are also inflated.
Related: Jamie Dimon excites recession concern
Many consumers are concerned about the tariffs of Trump, which has a negative impact on finances and economics.
According to a Last survey 83% of the market scientific work company 83% of consumers can be regulated to prepare shopping habits to prepare high prices, Trump’s tariffs can bring. In some of these changes, the search for sale and coupons, delay procurement, items, etc.
In addition, 72% of consumers said they were “very worried about” about a recession that happened in the coming year.
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Bank of America gives a surprising prediction
Growing concern from the economy, Bank of America General Financial Officer Alistair Borthwick spoke about journalists who did not see a recession on the horizon of the bank New Report From Barron.
“Customer is concerned about trade policy and grew the last market turmoil,” he said. “Our research team, which is still at this point, does not believe that our customers continue to show encouraging signs. Employment is open and consumers are strong.”
Related: Mark Cuba has a tough message for tariff supporters
Although the company’s economists celebrate growth estimates, “they do not know at this point.”
The Director-General of Bank of America CEO Brian Moynihan repeated this belief during the recent call. The final consumer information is specifically stressed that “the consumer will push the money into the economy.”
“But go more to our customer information, which is all our consumer spending methods, debit and credit cards, our submissions, in our written checks, Zelle, etc.
JPMORGAN CHASE predicts the opposite
Comments by the Bank of America’s leadership comes after JPMorgan Chase (Jpm( Director General Jamie Dimon warned the annual letter to shareholders where the US economy has already been “weakened” before announcing Trump tariffs.
“Economy, tax reforms and regulations are facing potential and potential disadvantages of tariffs and ‘potential adverse, high-end financial deficit and the potential for high-end prices and variability (geopolitics).
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Dimon also said that the tariffs would cause the recession, but “they will slow the growth.”
“Recent tariffs will likely increase inflation and cause many to take into account the probability of the recession,” Dimon said. “Even with the last descent of market values, prices remain relatively high. This important and unprecedented forces causing us to be very careful.”
Recently, JPMorgan research has more than 60% of the probability of the recession this year, which is higher than 40%.
The research team, on April 9 (excluding China) in 90 days of reciprocal tariffs, the remaining tariffs still pose a threat to the economy.
The latest opening of Freedom Day tariffs reduces shock to the global trading order, but the remaining universal 10% tariff is still material threat, and 145% of a recession is 60%, “he said.
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