Posted 3/12/2024, 2:37:30 PM
Dimon: US Recession 'Not Off the Table' Despite Strong Economy
- JP Morgan CEO Jamie Dimon says US recession "not off the table", chances of soft landing are only 30-40%
- Dimon believes economic indicators are distorted post-pandemic, takes them "with a grain of salt"
- Says Federal Reserve should wait before cutting interest rates given current economic uncertainty
- Notes unemployment is very low and wages continue rising in booming US economy
- Despite previous optimism, Dimon now warns a US recession could still happen as defined by two quarters of negative growth