Economy

Jamie Dimon is ‘cautious about everything’ as he sees risks to a soft landing

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JPMorgan CEO Jamie Dimon on state of the US economy, commercial real estate risks and AI hype

JPMorgan Chase CEO Jamie Dimon thinks there’s a better-than-even chance that the U.S. is heading for a recession, though he doesn’t see systemic issues looming.

Speaking Monday from the JPMorgan High Yield and Leveraged Finance Conference in Miami, the head of the largest U.S. bank by assets said markets probably aren’t pricing in a strong enough probability that interest rates could stay higher for longer.

Dimon noted “there are things out there which are kind of concerning,” and he disagreed with the high level of probability being assigned to the economy missing a recession.

“The market is kind of pricing in a soft landing. That may very well happen,” he told CNBC’s Leslie Picker. “But…



Source cnbc.com

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