JPMorgan CEO Warns of Complacent Markets Amid Deficit and Recession Risks

JPMorgan Chase CEO Jamie Dimon issued a stark warning about market complacency during the bank’s annual investor day in New York. Central banks and investors appear overly calm despite rising deficits, tariffs, and looming recession risks. "We have huge deficits; we have what I consider almost complacent central banks," Dimon remarked. Markets have shrugged off April’s 10% stock slide, suggesting misplaced optimism.

The comments follow Moody’s recent downgrade of the U.S. credit outlook, reflecting concerns about federal debt sustainability. Trade tensions continue to cast uncertainty, yet risk assets show little pricing of these structural threats. Cryptocurrencies, traditionally sensitive to macroeconomic turbulence, remain disconnected from these warnings—for now.