Joe Biden speaks in South Carolina
President Joe Biden speaks in South Carolina about the economy on July 6.
  • JPMorgan is the latest bank on Wall Street to push out its recession forecast to 2024.
  • The call comes just a few days after Bank of America suggested that a recession may not happen until next year, if it does at all.
  • "Waning post-pandemic disruptions and waxing supply-side developments suggest upside risk," JPMorgan said.

Don't hold your breath for an economic recession to his the US anytime soon, according to a Friday note from JPMorgan.