JPMorgan CEO Jamie Dimon warns economic conditions may deteriorate soon

Economic Outlook - JPMorgan Chase CEO Jamie Dimon warns that the U.S. economy may face deteriorating conditions soon, potentially undermining a soft landing [1] - Dimon emphasizes that economic surveys indicating reduced business and consumer confidence do not accurately predict inflection points in the economy [2] - He anticipates slight decreases in employment and slight increases in inflation, attributing some economic weakness to reduced immigration affecting the labor market [3] Private Credit Market Concerns - Dimon expresses concerns about the private credit markets if a recession occurs, noting that banks face different risks compared to investors [6] - He advises against purchasing credit at current prices and spreads, indicating that the market is less attractive [6] Recession Possibility - Dimon maintains that a recession remains a possibility, stating it should not be ruled out at this point [7] - He previously indicated that a recession is a "likely outcome" for the economy, especially in light of recent tariff negotiations [7][8] - Following the Trump administration's tariff adjustments, JPMorgan economists lowered the probability of a recession this year from 60% to below 50% [11]