JPMorgan, Apollo Executives Say US Could Dodge a Recession

JPMorgan Chase & Co.’s chief of global markets strategy said the US could dodge a recession as the probability of that scenario has decreased following better clarity over global trade.

Dubravko Lakos-Bujas said Thursday in a Bloomberg Television interview that he sees the chance of a recession at 35%, clarifying that it was his own view though JPMorgan’s official assessment earlier this week was for “still elevated” risks but pegged below 50%.