Dimon Odds Of A Soft Landing For The Us Economy Are Now 35 40

JPMorgan Chase CEO Jamie Dimon Warns of Recession Risk

Dimon: Odds of a Soft Landing for the US Economy Are Now 35-40%

JPMorgan Chase CEO Jamie Dimon issued a stark warning to Wall Street on Wednesday, saying that he believes the odds of a soft landing for the US economy are now only around 35-40%.

Dimon's comments come as the Federal Reserve continues to raise interest rates in an effort to combat inflation. The Fed has already raised rates four times this year, and is expected to raise them again at its next meeting in September.

Dimon said that he believes the Fed's rate hikes will eventually slow the economy and lead to a recession. He said that he is particularly concerned about the impact of higher interest rates on consumers and businesses.

Dimon's warning is the latest in a series of warnings from Wall Street executives about the risks of a recession. Goldman Sachs CEO David Solomon said earlier this month that he believes the odds of a recession are now "well above 50%."

The Fed has said that it is committed to bringing inflation down to its target of 2%. However, it has also acknowledged that raising interest rates too quickly could lead to a recession.

The Fed is expected to continue to raise interest rates in the coming months. However, it is likely to be more cautious in its approach given the risks of a recession.