Reported about 7 hours ago
JPMorgan CEO Jamie Dimon expresses serious concerns over the current economic and stock market volatility, highlighting the risks posed by sticky inflation, job losses, and ongoing tariff disputes. He warns that complacency in the market could lead to significant downturns, with potential stagflation on the horizon as the Federal Reserve struggles to balance interest rates amidst a weakening economy. Dimon adds that the credit market is riskier than people realize and suggests that corporate earnings may face a major reset due to existing tariffs.
Source: YAHOO