The "sell America" trade hasn't waned among global investors surveyed by JPMorgan even as US stocks have rallied back after April's tariff chaos.

JPMorgan Chase & Co. boosted its forecast for US economic growth after a temporary trade deal between the US and China, dropping its earlier call that the world’s largest economy would sink into a recession in 2025.

JPMorgan Chase's chief global strategist suggests that the US economy, while likely to dodge a recession, should brace for slower growth.

Global brokerages had raised their odds of a U.S. and global recession as tariff concerns threatened to weaken business confidence and slow growth.

JPMorgan reduced its forecast for the chance of a recession this year after the U.S. and China temporarily lowered the higher tariffs they imposed.

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