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 July Sees Growth in Gold and Silver Stocks in London Vaults READ MORE Proposed Ban on Open-Pit Mining Could Crush Mexico's Economy READ MORE S&P 500 Breaks 5,000 Mark Amid Anticipation for Key Inflation Data READ MORE Political Uncertainty Drives Britons to Gold, Reports Royal Mint READ MORE Morgan Stanley Warns De-Dollarization Could Spell Trouble for US Stocks READ MORE Add a Comment Cancel replyYour email address will not be published.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