As of Aug. 15, J.P. Morgan Research indicates that the probability of a U.S. and global recession in 2024 has hit 35%, up from their 25% midyear estimate. While inflation seems to be slowing down, signs of weakening economic growth and a softer-than-expected labor market are key drivers behind this increased probability. Here’s a closer look at the factors driving these concerns and what they might mean for interest rates and the broader economy. Don’t Miss: How do billionaires pay less in income tax than you?Tax deferring is their number one strategy.A billion-dollar investment strategy with …