Jamie Dimon is 'cautious about everything' as he sees risks to a soft landing
Publishing timestamp: 2024-02-26 14:55:38
Summary
JPMorgan Chase CEO Jamie Dimon believes there is a better-than-even chance of a recession in the U.S. economy, but does not see systemic issues looming. He warns that higher interest rates and a potential recession could impact areas such as commercial real estate and regional banks, but with limited macroeconomic impacts. Markets are not pricing in the strong probability of interest rates staying higher for longer. Dimon does not expect a replay of the 2008 financial crisis, but cautions about potential real estate problems if rates go up and a recession occurs.
Sentiment: MIXED
Tickers: JPM,
Keywords: economy, jamie dimon, business news, markets, banks, jpmorgan drn,