J.P.Morgan raises odds of US recession by year end to 35%

J.P.Morgan has raised the odds of a U.S. recession by the end of this year to 35% from 25% probability earlier, citing easing labor market pressures.

Fears of a U.S. recession following a weaker-than-expected July jobs report and an unwinding of yen-funded carry trades sparked a sharp sell-off in global equities earlier this week.