Dimon Warns: US Economic Outlook Uncertain, Recession Risk Lingers JPMorgan CEO Jamie Dimon suggests the possibility of a US recession remains, advising caution against prematurely cutting interest rates. Speaking at the Australian Financial Review Business Summit, Dimon noted that while a “soft landing” is anticipated by many, he believes its likelihood is significantly lower, raising concerns of potential stagflation. He also mentioned the distortion of economic indicators by COVID-19, advocating for a wait-and-see approach from the Federal Reserve for clearer signals before making rate adjustments. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Bonds Rally, Stocks Dip Following First Presidential Face-Off READ MORE Steps Toward De-Dollarization in Zimbabwe READ MORE Global Currency Shifts: Dollar Rises, Yen Struggles, and Europe Reacts READ MORE Fed Chair's Dovish Turn Sparks Debate on September Rate Cut Size READ MORE Rising Tide of Corporate Debt Defaults: An 80% Surge in 2023 Signals Troubling Trends Ahead READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment