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 Gold Prices Steady After Major Sell-Off Amid China and U.S. Economic News READ MORE HSBC: Commodity Markets Are in a ‘Super Squeeze’ READ MORE Interest Rate Realities: The End of Zero-Percent Era? READ MORE Gold Set for Weekly Dip as U.S. Inflation Fears Weigh on Market Sentiment READ MORE Federal Reserve Shows Little Urgency to Cut Interest Rates READ MORE Add a Comment Cancel replyYour email address will not be published.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