Jamie Dimon Says US Recession Still on the Horizon as JPMorgan Increases Forecast

30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website [PlayAiGames.Online]

JPMorgan Chase CEO Jamie Dimon reiterated his belief that a recession remains the most likely outcome for the U.S. economy. Dimon pointed to various uncertainties such as geopolitics, housing, and spending.

Meanwhile, JPMorgan has raised the likelihood of a U.S. recession this year.

Jamie Dimon Maintains Recession Likely for US Economy

JPMorgan Chase CEO Jamie Dimon reiterated on Wednesday that a recession remains the most likely outcome for the U.S. economy, maintaining his view that the odds of a “soft landing” are just 35% to 40%.

In an interview with CNBC, Dimon emphasized the ongoing uncertainties facing markets, saying:

There’s a lot of uncertainty out there. I’ve always pointed to geopolitics, housing, the deficits, the spending, the quantitative tightening, the elections, all these things cause some consternation in markets.

Despite holding a cautious outlook, he acknowledged that the economy has performed better than expected.

Dimon, who has consistently warned of economic challenges since 2022, added that while credit-card borrower defaults are increasing, the U.S. is not currently in a recession. However, he remains skeptical of the Federal Reserve’s ability to reduce inflation to its 2% target due to future spending pressures. The JPMorgan CEO concluded:

There’s always a large range of outcomes. I’m fully optimistic that if we have a mild recession, even a harder one, we would be okay.

#jpmorganbank #JPMorgan #JPmorganCEO #TONonBinance #XRPVictory $BTC $ETH $SOL