Power Breakfast: Global Markets Sluggish, JP Morgan CEO Warns Of Recession In 6 To 9 Months

US markets slipped again amid volatility. Dow Jones dropped 100 points and the Nasdaq slipped by 1%. Nasdaq closed at the lowest level since July 2020. The CEO of JP Morgan said, "Recession is likely to come in the next 6-9 months. The S&P 500 could fall 20% further." Goldman Sachs said that, "The US Fed may increase rates by 1.5% overall."