US EditionJamie Dimon: The Economy Could ‘Deteriorate’ Soon
- JPMorgan Chase CEO Jamie Dimon cautioned on Tuesday that the U.S. economy may soon show signs of decline.
- He noted that the diminishing impact of the fiscal and monetary measures implemented during the pandemic has lessened economic support, increasing the risk of a downturn.
- Dimon noted continued employment and consumer spending growth this year but weakening confidence in consumers and businesses amid Trump’s tariff policies.
- Jamie Dimon expressed concern that economic data may worsen in the near future and stated he would avoid purchasing credit given the current high prices and narrow spreads.
- Dimon projected a weaker soft landing with slight inflation increases, modest employment declines, and highlighted private credit as a recession risk area.
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The Business Times
The Business TimesJPMorgan CEO Jamie Dimon warns economic conditions may deteriorate soon
JPMorgan Chase CEO Jamie Dimon issued a new warning about the U.S. economy, saying that conditions could deteriorate soon and undermine a potential soft landing."I think there's a chance real numbers will deteriorate soon," Dimon said Tuesday at a Morgan Stanley conference.Dimon pushed back on suggestions that economic surveys showing diminished business and consumer confidence are an indicator of what's to come. He explained that "neither consu…
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Total News Sources27
Leaning Left3Leaning Right4Center8Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 20%
C 53%
R 27%
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