Jamie Dimon is waffling on his economic ”hurricane” take yet again. Now his bank is calling a “mild recession” later this year.
JPMorgan Chase released its fourth-quarter earnings report on Friday and topped Wall Street’s expectations. But the bank also warned that “a mild recession“ is now its “central case” for the U.S. economy this year. CEO Jamie Dimon said that the U.S. economy remains “strong” for now, but that JPMorgan is “vigilant” and “prepared for whatever happens.”
