JPMorgan Chief Jamie Dimon's Economic Forecasts
JPMorgan's chairman and chief executive officer, Jamie Dimon, reportedly shared his predictions about where the U.S. economy is headed during a client call last week, Yahoo Finance reported Saturday.
While noting that the U.S. economy is strong, with consumers' balance sheets and businesses in good shape, the executive emphasized that "you have to think differently" when forecasting. The JPMorgan chief described: "What is out there? There are storm clouds. Rates, QT, oil, Ukraine, war, China."
Dimon shared: "If I had to put odds: soft landing 10%. Harder landing, mild recession, 20%, 30%." He added:
"Harder recession, 20%, 30%. And maybe something worse at 20% to 30%."
"It is a bad mistake to say 'here is my single point forecast,'" he clarified.