JPMorgan Chase & Co JPM CEO Jamie Dimon is not any stranger to creating daring predictions in regards to the financial system. His newest feedback counsel storm clouds might be forming as soon as once more.
What To Know: On the 2025 Nationwide Retirement Summit hosted by BlackRock and Semafor on Wednesday, Dimon warned that he sees a weakening of the financial system and detrimental sentiment, in response to an X put up from Tolou Capital Administration founder Spencer Hakimian. The put up additionally signifies that Dimon believes tariffs are inflicting uncertainty.
Semafor Principals editor Morgan Chalfant additionally reported comparable particulars from the occasion in a separate X put up. Chalfant famous that though Dimon stated client sentiment is weakening, the JPMorgan chief indicated that he doesn’t imagine the common American “modifications what they’re going to do” due to tariffs.
Dimon isn’t all the time spot-on together with his predictions. In late 2022, he warned that an financial “hurricane” was coming in mid-2023.
Dimon later walked again these feedback after information confirmed in any other case.
“I should never use the phrase hurricane, however … there have been storm clouds,” Dimon stated in a 2023 interview.
It’s not clear if Dimon sees “storm clouds” over the financial system this time round, however he no less than seems to be taking a cautious stance.
Worth Motion: JPMorgan shares have been up 0.61% at $230.50 on the time of publication Wednesday, in response to Benzinga Professional.
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