US EditionJamie Dimon continues to warn of recession, despite pullback in China tariffs | News Channel 3-12
- Jamie Dimon, CEO of JPMorgan Chase, warned on Thursday at the bank's Paris conference that a recession remains possible despite easing China tariffs.
- His caution follows a recent US-China agreement lowering tariffs significantly for 90 days after trade talks in Geneva aimed at calming markets.
- Dimon highlighted persistent uncertainties like geopolitical tensions, high inflation, and elevated deficits that could still slow economic growth despite the trade truce.
- He expressed that a recession remains a possibility and should not be dismissed, while JPMorgan economists reduced their estimated likelihood of a downturn from 60% to under 50%, highlighting ongoing economic uncertainties.
- Dimon's outlook suggests cautious optimism as stock markets rallied post-deal, but economic challenges keep recession a significant possibility.
30 Articles
30 Articles
Jamie Dimon says a recession is still a possibility: 'I wouldn’t take it off the table at this point'
JPMorgan Chase CEO Jamie Dimon on Thursday warned that a potential recession could still occur as turmoil from the Trump administration's tariffs weighs on the economy.Dimon attended the firm's annual Global Markets Conference and said in a Bloomberg Television interview that he's hopeful the economy will dodge a recession, but that it remains a possible outcome."Hopefully we'll avoid it, but I wouldn't take it off the table at this point," Dimo…
Jamie Dimon says a US recession is still possible even after trade tensions cool
JPMorgan boss Jamie DimonNoam Galai/Getty ImagesJamie Dimon still thinks a US recession is possible even after tariff tensions were dialed down.He pointed to uncertainty surrounding tariffs, the US budget deficit, and geopolitical conflict.Dimon also said that the muddled outlook has been holding back investment. Jamie Dimon isn't ruling out a recession even after forecasts for a downturn have been pared back following a US-China deal to lower t…
Trump's Wall Street CEO friend says recession a 'possibility' after tariff fallout: report
JP Morgan Chase CEO Jamie Dimon thinks fallout from Trump’s tariff moves could still cause a recession. “Hopefully we’ll avoid it, but I wouldn’t take it off the table at this point,” Dimon said in a Bloomberg Television interview Thursday.The remarks, which were made as the CEO attended JP Morgan’s...
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