JPMorgan CEO Warns of Potential Recession Despite Trade Developments

AI Summary

As reported by BlockBeats, JPMorgan Chase CEO Jamie Dimon has raised concerns about the potential for an economic recession, despite recent progress in tariff negotiations. Speaking at the bank's annual meeting in Paris, Dimon stated, "I would not rule out the risk of a recession at this time."

While JPMorgan economists have recently lowered the probability of a U.S. recession from 60% to below 50%, investor sentiment has improved amid advancements in U.S.-China trade talks. This optimism has contributed to a significant rally, with the Dow Jones Industrial Average climbing as much as 1,100 points. Dimon added that although he does not meet with President Donald Trump frequently, he stays in contact with other government officials.