The word has been brought up in 121 of the 451 earnings calls conducted by S&P 500 firms between March 15 and May 15.

The Federal Reserve has left interest rates steady since January amid Trump’s tariff policies, which are unpopular among most Americans as economists argue that costs will be driven up for U.S. consumers. Chair Jerome Powell said earlier this month that the risks of even higher inflation and unemployment are rising.

JPMorgan Chase said on Monday it was estimating the card services net charge-off rate, or the percentage of credit card debt the bank believes will not be repaid, to be between 3.6% and 3.9% for 2026.

but a recent trade agreement between the U.S. and China has dialed back many of those warnings. JPMorgan on Tuesday lowered its odds of a recession this year from 60% to below 50%, meaning the U.S ...

Live Updates Live Coverage Has Ended Mixed Markets 12:07 pm by Gerelyn Terzo JPMorgan CEO Jamie Dimon told Bloomberg, “If there’s a recession, I don’t know how big it will be or how long it will last.

JPMorgan Chase shares slid after the bank told investors its investment banking fees would decline this quarter and CEO Jamie Dimon said his succession plans were unchanged.

The largest US lender also said it might earn more from interest payments this year despite decline in the second quarter on Monday.