City Economist Veronica Clarke discussed the CPI report and more and more states of the US economy ‘The Claiman Countdown’.
JP Morgan Chase CEO Jamie Dimon Issuing a new warning about the American economy said that the situation may soon deteriorate and weaken a possible soft landing.
Dimon said at the Morgan Stanley Conference on Tuesday, “I think there is a chance that the actual number will soon deteriorate.”
Dimon pushed back on the suggestions that low trade and consumer are an indicator in economic surveys showing confidence. He explained that “neither consumers nor businesses never choose divine marks,” and said that the “soft landing” of the economy would probably look weak due to being weak.
Dimon said, “Employment will be slightly reduced. Inflation will increase slightly. Hopefully, it is a bit,” Dimon said, low immigration can weaken the economy through its impact on the labor market.
Jamie Dimon says he is not afraid of China, but worries about America’s challenges
Jamie Dimon, CEO of JP Morgan Chase, said that the US economy may deteriorate, unemployment and inflation are increasing slightly. (Holi Adams / Bloomberg Getty Image / Getty Image)
Dimon also expressed concern about private credit markets, if the recession is detected, saying that banks face different risks in that field than investors and the current conditions in the region have made private credit less attractive.
“Do I think if I was a fund manager then it is a good time to buy credit? No,” Dimon said. “I will not buy these prices and credit today.”
Dimon has repeatedly issued warnings about the American economy in recent months.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| JPM | JP Morgan Chase & Company. | 268.22 | -0.45 |
-0.17% |
In early April, he said in an appearance on Fox Business “Morning with maria“His personal approach was that there is a” potential result “for a slowdown economy.
Last month, Dimon said Bloomberg television interview After the delay in the White House, there was a possibility of a slowdown and brought back some of its tariff plans to accommodate the conversation.
“Hopefully we will avoid this, but I will not get it away from the table at this point,” Dimon said. “If there is a recession, I don’t know how big it will be or how long it will last.”
JP Morgan reduces the possibility of recession after Trump’s tariff truses with China
JP Morgan reduced his recession on his recession after President Donald Trump’s announcement of a tariff stagnation with China. (Tim Clayton / Corbis Getty Embolce / Getty Image)
Dimon said that uncertainty made by the President Donald Trump’s Tariff has stopped investment to some of the firm’s customers amidst a change in policy, which delayed the implementation of tariffs as well as a change in tariff levels as the administration interacts with American business partners.
“I think it’s right to do – some of that stuff is to return,” Dimon said about the tariff break for negotiations, saying that both sides should “have an attractive conversation.”
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JP Morgan economists reduced the possibility of recession this year, after the Trump administration’s move to return some tariffs from China, which were determined to exceed 145% during a temporary 90-day stoppage.
