The chief global strategist at JPMorgan Chase says the US may avoid a recession, but the bank's economic outlook is not yet optimistic.

US consumer sentiment plummeted to its lowest since 1961 under President Trump, even surpassing Great Recession levels.

Stocks dropped in late hours and bond yields climbed after the US was downgraded by Moody’s Ratings amid concerns about the increase in government debt that threatens America’s status as the world’s ...