JPMorgan Chase & Co. boosted its forecast for US economic growth after a temporary trade deal between the US and China, dropping its earlier call that the world’s largest economy would sink into a recession in 2025.

JPMorgan Chase's chief global strategist suggests that the US economy, while likely to dodge a recession, should brace for slower growth.

JPMorgan Chase CEO Jamie Dimon is not ruling out the possibility of a US recession, saying Thursday that 'I wouldn't take it off the table at this point.'

Recession remains a possibility as tariff fallout continues to buffet global economies, according to JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon.

People feel pretty good because you haven’t seen an effect of tariffs,” CEO Jamie Dimon said. Read more at straitstimes.com. Read more at straitstimes.com.

Trump has since hit the brakes on the hyper-charged levies, notably bringing duties on Chinese imports down from 145 percent to 30 percent. The stock market has rallied as a result, and the economic picture in the U.S. is slightly less bleak.

This round will affect 63 employees who report to the bank’s Jersey City offices and will go into effect on Aug. 4.

The "sell America" trade hasn't waned among global investors surveyed by JPMorgan even as US stocks have rallied back after April's tariff chaos.