JPMorgan re-evaluates its recession outlook following a significant tariff agreement between President Donald Trump and Chinese leaders. For 90 days, both countries have agreed to lift most existing tariffs to facilitate further negotiations. This unexpected move offers a glimmer of hope for the U.S. economy as investors look for signs of stability amidst ongoing trade tensions. Still, potential economic risks linger, demanding close monitoring. Market reactions will likely fluctuate as reactions to the evolving situation develop.