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JPMorgan Chase CEO Warns of Potential Economic Deterioration Amid Mixed Signals
JPMorgan Chase CEO Warns of Potential Economic Deterioration Amid Mixed Signals
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JPMorgan Chase CEO Jamie Dimon struck a cautious tone on the economic outlook, suggesting that ''real numbers will deteriorate soon'' as recession risks loom. The warning came despite robust employment growth and consumer spending, which have historically buffered against downturns.
Dimon''s comments reflect underlying concerns about weakening business and consumer confidence, exacerbated by ongoing tariff disputes. The bank''s shares dipped slightly following his remarks, though Dimon emphasized he anticipates only marginal declines in employment and modest inflation increases.
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