JPMorgan Chase
CEO Jamie Dimon raised considerations about the financial state sliding into a economic downturn yet yet again on Tuesday.
Although the U.S. financial state proceeds to be the strongest globally, rising desire rates and inflation will wipe out the cushion of money customers built up for the duration of the pandemic someday in mid 2023, he said. “And so when you’re searching out ahead, those people matters might incredibly perfectly derail the economic system and lead to a moderate or really hard economic downturn,” Dimon claimed in an interview with CNBC.
Dimon’s most current remarks abide by his prediction in Oct, created in an additional interview with CNBC, that a economic downturn in the U.S. will arrive in “six to nine months.” Markets could tumble “another uncomplicated 20%,” he reported.
JPMorgan Chase
CEO Jamie Dimon raised considerations about the financial state sliding into a economic downturn yet yet again on Tuesday.
Although the U.S. financial state proceeds to be the strongest globally, rising desire rates and inflation will wipe out the cushion of money customers built up for the duration of the pandemic someday in mid 2023, he said. “And so when you’re searching out ahead, those people matters might incredibly perfectly derail the economic system and lead to a moderate or really hard economic downturn,” Dimon claimed in an interview with CNBC.
Dimon’s most current remarks abide by his prediction in Oct, created in an additional interview with CNBC, that a economic downturn in the U.S. will arrive in “six to nine months.” Markets could tumble “another uncomplicated 20%,” he reported.
