Jpmorgan full Jamie Dimon says economy is weaker ‘

JpMorgan Chase Entire Jamie Dimon said to report the workout department released on Tuesday confirmed that the US economy is slowing down.

The Department has revised lower data on non-farms for the year until March 2025. years up to 911,000 jobs from initial assessments. It was on the high side of Wall Street expectations for shift and the greatest audit in more than two decades.

“I think the economy is weaker,” Dimon said. “Whether it’s on the way to recession or just weakening, I don’t know.”

Dimon said that, as the largest American bank, JPMORGAN was apparent to be an apparent spectrum of data around consumers, corporations and global trade. Most consumers still have a job and spends money, depending on the level of income, but their self-confidence may only be affected.

“There are currently many different factors in the economy,” Dimon said, stating the weakening of consumers and more robust corporate profit. “We just have to wait and see.”

The federal reserve will “probably” reduce its reference interest rate in the upcoming meeting, although it may not “be a consequence of economy,” Dimon said.

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