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 Bank of China Uses Digital Yuan for Cross-Border Settlement READ MORE Inflation Fears Spark Rally in Gold and Oil, Casting Doubt on Fed's Strategy READ MORE Fed Rate Cuts Predicted Only in Response to Economic Crisis, Says Black Swan Investor READ MORE Gold Prices Waver as Markets Await Inflation and Fed Signals READ MORE Concerns Over Yen's Decline Prompt Japan to Consider Market Actions READ MORE Add a Comment Cancel replyYour email address will not be published.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