JPMorgan Chase
CEO Jamie Dimon elevated considerations about the overall economy sliding into a recession nevertheless again on Tuesday.
Whilst the U.S. financial state proceeds to be the strongest globally, mounting fascination costs and inflation will wipe out the cushion of funds shoppers built up for the duration of the pandemic sometime in mid 2023, he reported. “And so when you are on the lookout out ahead, individuals points may extremely effectively derail the financial state and trigger a gentle or tough economic downturn,” Dimon said in an interview with CNBC.
Dimon’s hottest remarks abide by his prediction in Oct, built in yet another job interview with CNBC, that a recession in the U.S. will arrive within just “six to 9 months.” Markets could slide “another easy 20%,” he claimed.
JPMorgan Chase
CEO Jamie Dimon elevated considerations about the overall economy sliding into a recession nevertheless again on Tuesday.
Whilst the U.S. financial state proceeds to be the strongest globally, mounting fascination costs and inflation will wipe out the cushion of funds shoppers built up for the duration of the pandemic sometime in mid 2023, he reported. “And so when you are on the lookout out ahead, individuals points may extremely effectively derail the financial state and trigger a gentle or tough economic downturn,” Dimon said in an interview with CNBC.
Dimon’s hottest remarks abide by his prediction in Oct, built in yet another job interview with CNBC, that a recession in the U.S. will arrive within just “six to 9 months.” Markets could slide “another easy 20%,” he claimed.
