JPMorgan CEO: A recession remains the most likely outcome for the U.S. economy

2024-08-11 08:40:17
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ChainCatcher news, according to Bitcoin.com, JPMorgan CEO Jamie Dimon reiterated that a recession remains the most likely outcome for the U.S. economy, insisting that the probability of a "soft landing" is only 35% to 40%.

In an interview with CNBC, Jamie Dimon emphasized the ongoing uncertainty facing the market, pointing out geopolitical issues, housing, deficits, spending, quantitative tightening, and elections, all of which can cause market panic. Despite his cautious stance, he acknowledged that the economy is performing better than expected.

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