Another Wall Street bank throws in the towel on their 2023 recession call

• JPMorgan is the latest bank on Wall Street to push out its recession forecast to 2024.
• The call comes just a few days after Bank of America suggested that a recession may not happen until next year, if it does at all.
• “Waning post-pandemic disruptions and waxing supply-side developments suggest upside risk,” JPMorgan said.

Don’t hold your breath for an economic recession to his the US anytime soon, according to a Friday note from JPMorgan.

The bank became the latest Wall Street bank to delay its recession forecast to 2024, if it happens at all. Bank of America became the first Wall Street bank earlier last week to delay its 2023 recession forecast.