JPMorgan CEO Dimon Expects Recession And Defaults, Urges Quick Trade Talks In Fox Business Interview
Chase CEO Jamie Dimon said that sweeping tariffs imposed by U.S. President Donald Trump will probably lead to a recession and defaults by borrowers.
Chase CEO Jamie Dimon said that sweeping tariffs imposed by U.S. President Donald Trump will probably lead to a recession and defaults by borrowers.
Traders should temper their bets that the Federal Reserve will ramp up interest-rate cuts to mitigate the effects of Donald Trump’s trade conflict.
The recent sell-off in equities and the reintroduction of tariffs under Trump’s proposed policies have reignited fears of a U.S. recession in 2025.
Once considered a worst-case scenario, stagflation may now represent the most optimistic outcome for markets.
CEO Larry Fink on Monday said stocks could go down another 20% and that "most CEOs I talk to would say we are probably in a recession right now."
Trump just made the job of the Federal Reserve that much more difficult as he unveiled the steepest tariffs in more than 100 years.
Trump’s looming tariff announcement will likely exacerbate the S&P 500 Index selloff, at least in the near term.