Dimon warns’ soft US economy landing

Dimon warns’ soft US economy landing

Jpmorgan Chase CEO Jamie Dimon Issued a new warning about the US economy, saying that conditions can be harmful soon and harm a potentially soft landing.

“I think there is a moment that real numbers are more damaging,” said Dimon on Tuesday at a conference at Morgan Stanley.

Dimon rejects suggestions shown in economic surveys showing a decrease in business trust and consumer an indication of what to come. He explained that “no consumers or businesses or businesses selected at inflection points,” and added that “soft landing economy can be very weak as circumstances are overwhelming.

“Employment comes in a small bit. Inflation will increase in small. Hope, it is very small,” said Dimon, adding that economic reduced by the labor market.

Jamie Dimon says he is not afraid of China, but worried about its own American challenges

Jpmorgan Chase CEO Jamie Dimon said the US economy is harmful, with unemployment and inflation small. (Hollie Adams / Bloomberg by Getty Images / Getty Images)

Dimon also produces concerns about private credit markets when a shrinkage shrink, says banks face different sector risks and current investors less attractive.

“I think now is a good time to buy credit if I’m a fund manager? No,” says Dimon. “I don’t buy credit now at these prices and it’s spread.”

Dimon Dimon issued repeated warnings about US economy in recent months.

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Jamie Dimon says a shrink is still a possibility: ‘I don’t take it from the table at this point’

In the early April, he said in a business appearance in Fox ‘”Mornings with Maria“That his personal view is that a shrinkage is a” probable result “for the economy.

In the last month, Dimon said to a Talk to the Bloomberg television That a shrinkler remains a possibility after the White House is delayed and have a few of its tariff plans to take care of negotiations.

“May we avoid it, but I don’t take it from the table at this point,” says Dimon. “If you have a shrinkage, I don’t know how big it is or how long it lasts.”

The possibility of shrinking JPMorgan at Trump’s Tarff Tarff reserves in China

Jpmorgan Chase Tower

Jpmorgan lowed the resecast in its recession after President Donald Trump’s announcement of a tariff of china stop. (Tim Clayton / Corbis by Getty Images / Getty Images)

Dimon said the uncertainty made by the President Donald Trump’s Tariffs caused certain clients in the company to prevent between investments among policy transfers, with delays in caring tariff negotiations with colleagues in Tarfgo colleagues.

“I think this is the right thing to do – is to turn off some things,” Dimon said at a tariff stop for negotiations, which adds that both parts should “have a conversation.”

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Economists lower the possibility of a recession this year from 60% below China’s tariffs, which have been set up to 145% of a temporary cessation of 90-day stops.

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