JPMorgan CEO Warns: U.S. Economy May Be Heading for Trouble Soon

The post JPMorgan CEO Warns: U.S. Economy May Be Heading for Trouble Soon appeared first on Coinpedia Fintech News The U.S. economy has stayed strong for a while, but things might get worse soon. That’s the warning from JPMorgan Chase CEO Jamie Dimon, who says the good times might not last much longer. While markets and many experts are hoping for a smooth economic path, Dimon believes we should be prepared for a downturn. Big Support Is Gone Now Speaking at a recent Morgan Stanley event, Dimon explained that the help the U.S. economy got during the pandemic, like government spending and easy money policies, is now fading away. That support kept things stable before, but now, without it, the economy might slow down. He said we might not get a “soft landing,” which means slowing inflation without losing jobs or going into a recession. Even if we do, he thinks it won’t feel very strong. “Jobs might go down a little. Prices might go up a bit. Hopefully, only a little.” People Might Miss the Signs Interestingly, Dimon also said that most people, both regular consumers and business owners, don’t usually notice when the economy is about to shift. So even if things seem okay now, that could change quickly. He also pointed out that lower immigration could hit the labor market and slow down the economy further. Be Careful With Loans Another thing Dimon is worried about is private credit, which is when companies borrow money from non-bank lenders. If a recession happens, he says this area could face trouble. That’s why he warned investors not to rush into credit markets right now, saying, “I wouldn’t buy credit at today’s prices.”

Source: coinpedia