Jamie Dimon mentioned he wouldn’t take the possibility of a recession in america “off the desk,” however that the Federal Reserve must wait prior to it cuts rates of interest.“The sector is pricing in a cushy touchdown, at most probably 70-80%,” the JPMorgan Chase & Co. leader govt officer mentioned by the use of video hyperlink on the Australian Monetary Evaluate Industry Summit in Sydney on Tuesday. “I believe the danger of a cushy touchdown within the subsequent yr or two is part that. The worst case can be stagflation.”
