JPMorgan Boss Jamie Dimon Warns ‘Something Worse’ Than a Recession Could Be Coming

JPMorgan CEO Jamie Dimon has shared his predictions for the U.S. economy, including a accidental of “something worse” than a recession. “There are tempest clouds,” the enforcement said, citing involvement rates, QT, oil, Ukraine, war, and China.

JPMorgan Chief Jamie Dimon’s Economic Forecasts

JPMorgan’s president and main enforcement officer, Jamie Dimon, reportedly shared his predictions astir wherever the U.S. system is headed during a lawsuit telephone past week, Yahoo Finance reported Saturday.

While noting that the U.S. system is strong, with consumers’ equilibrium sheets and businesses successful bully shape, the enforcement emphasized that “you person to deliberation differently” erstwhile forecasting. The JPMorgan main described: “What is retired there? There are tempest clouds. Rates, QT, oil, Ukraine, war, China.”

Dimon shared: “If I had to enactment odds: brushed landing 10%. Harder landing, mild recession, 20%, 30%.” He added:

Harder recession, 20%, 30%. And possibly thing worse astatine 20% to 30%.

“It is simply a atrocious mistake to accidental ‘here is my azygous constituent forecast,'” helium clarified.

His predictions echoed what helium said successful June erstwhile helium warned that an economic hurricane is “coming our way.” He advised investors to brace themselves.

While Dimon sees a anticipation of thing worse than a recession, helium stressed during a caller sojourn to JPMorgan Chase’s Olneyville slope branch: “Whatever the aboriginal brings, JPMorgan is prepared.”

Various analysts person predicted that the U.S. system could beryllium successful a recession this year. Bank of America’s caput of U.S. economics, Michael Gapen, told Fox Business Monday that determination is simply a precocious accidental of a mild recession this year. He expects the Federal Reserve to inadvertently trigger a downturn with its warfare connected inflation. “This rhythm astir apt ends successful a mild downturn … How bash I travel to that? It’s fundamentally conscionable history. It’s truly hard to execute a brushed landing,” the expert opined.

Goldman Sachs’ economist David Mericle elaborate successful a lawsuit enactment Sunday: “Our wide decision is that determination is simply a feasible but hard way to a brushed landing, though respective factors beyond the Fed’s power tin easiness oregon complicate that way and rise oregon little the likelihood of success.”

What bash you deliberation astir JPMorgan CEO Jamie Dimon’s economical predictions? Let america cognize successful the comments conception below.